Multiple Choice Question 112 Bonita Industries developed the following data for the current year: $160000 64000 208000 Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs 136000 184000 480000 Bonita Industries's ending work in process inventory is O $136000 O $456000. $320000. $296000 Concord Corporation had the following information at December 31: Finished goods inventory, January 1 Finished goods inventory, December 31 $100000 226000 If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000, how much is the amount of gross profit for the year? $1225000 $1769000 O $1099000 $999000