Mountain Sports sells ski and snowboarding equipment. The following information summarizes the company's operating expenses for 2020: Cost of goods sold Marketing Rent and utilities Salaries and wages $114,900 $9,000 $50,2001 $65,800 If sales revenue in 2020 was $267,400, what is gross profit? O $27,700 O $152,500 O $142,400 O $125,000 Here are selected data for Creek Corporation: Cost of materials purchases on account Cost of materials requisitioned (includes $13,320 of indirect) Direct labor costs incurred Manuf. overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined overhead rate (as % of direct labor cost) $72,900 $56,100 $81,300 $102,400 $228,100 $155,900 $18,900 $34,500 $37,500 110% What is the balance in work in process inventory at the end of the year? O $19,910 O $47,590 $55,600 $28,500