Question 5 Using the information below, calculate gross profit for the period: Beginning Raw Materials Inventory $ 24,000 Ending Raw Materials Inventory 29,000 Beginning Work in Process Inventory 53,000 Ending Work in Process Inventory 62,000 Beginning Finished Goods Inventory 78,000 Ending Finished Goods Inventory Cost of Goods Sold 65,000 530,000 1,234,000 Selling Expenses 222,000 Sales O $704,000. O $482,000. O $1,012,000. O $171,000. O $717,000.