Beginning work in process inventory = 125,000

Ending work in process inventory = 200,000

Beginning finished goods = 130,000

Ending finished goods = 150,000

Direct materials used in production = 280,000

Direct labor used in production = 375,000

Q) Assuming your cost of goods sold is 80,000 $ and sales are at 120% of your cost of goods sold, what is the gross profit made?