The following Information pertains to Walton Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead $123,900 118,700 76,000 March 1 Inventory balances Raw materiale Work in process Finished goods March 31 Tnventory balances Raw materials Work in process Finished goods During March Couts of raw materiale purchased Costs of direct labor Coats of manufacturing overhead sales revenuen $ 85,200 146,100 80,000 $119,700 100,700 62,000 355.000 Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement Complete this question by entering your answers in the tabs below. Required A Required B Calculate the amount of gross margin on the income statement. Grons margin