Allison Corporation reports end-of-year data as follows for 2015:

• Sales revenue $570,000
• Actual manufacturing overhead $103,600
• Allocated manufacturing overhead $96,000
• Cost of Goods Sold $ 368,000

Allison adjusts cost of goods sold for any balance in manufacturing overhead. The gross profit of Allison Corporation is:

Selected Answer:$202,000

Answers:$194,400

$292,000

$278,000

$202,000