The following information pertains to Flaxman Manufacturing Company for March 2018. Assume actual overhead equaled applied overhead. Narch 1 Inventory balances $100,000 120, 000 78,000 Raw materials Nork in process Finished goods Narch 31 Inventory balances 60,000 145, 000 80,000 Raw materials Nork in process Finished goods During Harch Costs of raw materials pur Costs of direct labor Costs of manufacturing $120,000 100, 000 63,000 380,000 chased Sales revenues Required a. Prepare a schedule of cost of goods manufactured and sold COMPANY chedule of Cost of Goods Manufactured and Sold Raw materials awailable Direct raw materials used otal manufacturing costs Total work in process ds manufactur f goods avai lable sale b. Calculate the amount of gross margin on the Income statement