ABC Corporation reported the following data for the month of January Inventories: Raw materials Work in process Finished goods Beginning 46,000 31,000 27,000 Ending 34,000 29,000 55,000 79,000 93,000 54,000 Additional information: Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process 8,000 57,000 Calculate Gross Profit if, mark up is 30%