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

April $1$

Inventory balances

Raw materials $$124,800$

Work in process $119,400$

Finished goods $77,200$

April $30$

Inventory balances

Raw materials $$85,800$

Work in process $146,000$

Finished goods $80,100$

During April

Costs of raw materials purchased $$119,400$

Costs of direct labor $101,300$

Costs of manufacturing overhead $61,400$

Sales revenues $358,000$

Required

Prepare a schedule of cost of goods manufactured and sold.

Calculate the amount of gross margin on the income statement.