MC Qu. 169 Using the information below...

Using the information below, calculate gross profit for the period:

Beginning Raw Materials Inventory	$	20,000
Ending Raw Materials Inventory		25,000
Beginning Work in Process Inventory		45,000
Ending Work in Process Inventory		54,000
Beginning Finished Goods Inventory		70,000
Ending Finished Goods Inventory		57,000
Cost of Goods Sold for the period		490,000
Sales revenues for the period		1,154,000
Operating expenses for the period		182,000

Multiple Choice

• $664,000.

• $482,000.

• $972,000.

• $211,000.

• $677,000.