On January 1, Alistair Manufacturing had a beginning balance in

WorkinProcess

Inventory of

$163,000

and a beginning balance in Finished Goods Inventory of

$26,000.

During the year, Alistair incurred manufacturing costs of

$205,000.

During the year, the following transactions occurred:Job

C62

was completed for a total cost of

$144,000

and was sold for

$158,000.

Job

C63

was completed for a total cost of

$184,000

and was sold for

$212,000.

Job

C64

was completed for a total cost

$81,000

but was not sold as of

yearend.

The Manufacturing Overhead account had an unadjusted credit balance of

$26,000

and was adjusted to zero at

yearend.

What was the amount of gross profit reported by Alistair at the end of the year?