At the beginning of the year, Berkshire Manufacturing had the following account balances: Work-in-Process Inventory 2,000 Finished Goods Inventory 8,000 Manufacturing Overhead Cost of Goods Sold Sales Revenue The following additional details are provided for the year: Direct materials placed in production $84,000 Direct labor incurred 194,000 Manufacturing overhead incurred 302,000 Manufacturing overhead allocated to production 290,000 Cost of jobs completed and transferred 505,000 Sales revenue 754,000 Cost of goods sold (before adjustment) 440,700 Calculate the gross profit Berkshire will report for the year. A. $301,300 B. $313,300 C. $249,000 D. $452,700