Multiple Choice Question 119 Bonita Industries developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $ 96000 208000 176000 184000 860000 816000 How much is Bonita Industries's ending work in process inventory for the year? O $52000 O $124000 O $444000 O $372000 Multiple Choice Question 121 Concord Corporation had the following information at December 31: Finished goods inventory, January 1 Finished goods inventory, December 31 26000 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? $70000 O $1055000 O $1099000 O $1029000 O $1939000