please read the question carefully and provide clear answer please

The following information pertains to Fanning Manufacturing Company for March Year 3. Assume actual overhead equaled applie overhead $124,300 119,900 76,300 March 1 Inventory balances Raw materials Work in process Finished goods March 31 Inventory balances Raw materials Work in process Finished goods During March Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 86,000 146,000 81,600 $118,100 101,300 62,600 354, eee Required a. Prepare a schedule of cost of goods manufactured and sold. b. Calculate the amount of gross margin on the income statement. FANNING MANUFACTURING COMPANY Schedule of Cost of Goods Manufactured and Sold For March Year 3 Raw materials available for use 0 Direct raw materials used 0 Total manufacturing costs 0 Total work in process inventory 0 Cost of goods manufactured 0 Cost of goods available for sale o Cost of goods sold $ 0 Required A Required B Calculate the amount of gross margin on the income statement. Gross margin