On January 1, Alistair Manufacturing had a beginning balance in Work in - Process Inventory of $ 162,000 and a beginning balance in Finished Goods Inventory of $21,000. During the year, Alistair incurred manufacturing costs of $205,000. During the year, the following transactions occurred: Job C-62 was completed for a total cost of $142,000 and was sold for $ 158,000. Job C-63 was completed for a total cost of $183,000 and was sold for $214,000. Job C-64 was completed for a total cost $81,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $26,000 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. $47,000 O B. $31,000 O c. $16,000 OD. $73,000