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Concord Company had the following information at December 3 1 : Finished goods inventory, January 1 $ 7 0 0 0 0 Finished goods inventory,

Concord Company had the following information at December 31:
Finished goods inventory, January 1
$70000
Finished goods inventory, December 31
144000
If the cost of goods manufactured during the year totaled $1850000 and annual sales were $2984000, what was the amount of gross profit for the year?
$1134000
$1208000
$1064000
$1776000
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