The following information pertains to Solomon Manufacturing Company for March 2019. Assume actual overhead equaled applied overhead March 1 Inventory balances $124,800 118,600 77,000 Raw materials Work in process Finished goods March 31 Inventory balances $ 86,200 146,800 81,100 Raw materials Work in process Finished good:s During March Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $119,000 101,800 61,900 358,000 Required a. Prepare a schedule of cost of goods manufactured and sold b. Calculate the amount of gross margin on the income statement