a) 685,500

b) 121,000

c) 117,000

d) 98,500

Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending $26,500 $24,500 34,500 35,500 19,500. 22,500 During the accounting period, the company purchased $236,500 of direct raw materials. It incurred $182.500 of direct labor costs for the year and allocated $262,500 of manufacturing overhead costs to work in process. There was no overapplied or underapplied overhead. Revenue from goods sold during the year was $802,500. What was Holder's gross margin