The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead.

April 1
Inventory balances
Raw materials	$124,600
Work in process	118,200
Finished goods	76,600
April 30
Inventory balances
Raw materials	$86,000
Work in process	146,100
Finished goods	81,200
During April
Costs of raw materials purchased	$119,700
Costs of direct labor	101,800
Costs of manufacturing overhead	61,000
Sales revenues	360,000

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.