The following information pertains to Flaxman Manufacturing Company for March 2018. Assume actual overhead equaled applied Overhead March 1 Inventory balances Work in process Pinished goods 113,700 76,300 Inventory balances $ 85,300 146,300 80,000 Costs of raw materiale purchased Costs of manufacturing overhead $119,000 100,100 62,700 351.000 Required a. Prepare a schedule of cost of goods manufactured and sold. FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March 2018 Raw materials available for use Direct raw materials used Total manufacturing costs FLAXMAN MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and sold For March 2018 2 00:43:07 Raw materials available for use Direct raw materials used Total manufacturing costs Total work in process inventory Cost of goods manufactured Cost of goods available for sale Cost of goods sold $ 0 b. Calculate the amount of gross margin on the income statement. Gross margin