On January 1, Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $160,000 and a beginning balance in Finished Goods Inventory of $20,000. During the year, Alistair incurred manufacturing costs of $206,000. During the year, the following transactions occurred: Job C-62 was completed for a total cost of $140,000 and was sold for $158,000. Job C-63 was completed for a total cost of $180,000 and was sold for $212,000. Job C - 64 was completed for a total cost $82,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Alistair at the end of the year? A. $18,000 B. $50,000 C. $32,000 OD. $74,000