he following information is available for Kanza Co. at December 31, 20XX:

Inventory Balance		Beginning of the Year	End of the Year
Finished Goods		$15,000	$10,000
Work In Process		7,000	$8,000
Raw Materials		10,300	$6,500

Debit postings to Work In Process Inventory during the year were:

Direct Materials	$90,000
Direct Labor	$50,000
Applied Manufacturing Overhead	$75,000

Sales totaled $350,000 for the year. Use the applicable data from above to calculate the following (SEND YOUR WORK): Gross Profit would be____________________________