Barger Company had the following Information at December 31 Finished goods Inventory, January 1 Finished goods Inventory, December 31 $135.000 189.000 If the cost of goods manufactured during the year amounted to $2,842,500 and annual sales were 5AA91.000, how much is the amount of gross profit for the year? $1,648,500 $2,788,500 $1,702,500 $1,594,500