MC Qu. 171 Using the information below...

Using the information below, calculate gross profit for the period.

Sales revenues for the period	$	1,394,000
Operating expenses for the period		248,000
Finished Goods Inventory, January 1		36,900
Finished Goods Inventory, December 31		41,900
Cost of goods manufactured for the period		585,000

Multiple Choice

• $819,000.

• $814,000.

• $575,000.

• $580,000.

• $482,200.