ABC Corporation reported the following data for the month of January:

Inventories:

Beginning

Ending

Raw materials

46,000

34,000

Work in process

31,000

29,000

Finished goods

27,000

55,000

Additional information:

Raw materials purchases

79,000

Direct labor cost

93,000

Manufacturing overhead cost incurred

54,000

Indirect materials included in manufacturing overhead cost incurred

8,000

Manufacturing overhead cost applied to Work in Process

57,000

Calculate Gross Profit if, mark up is 30%.