On January 1, Standard Manufacturing had a beginning balance in Work-in - Process Inventory of 580,200 and a beginning balance in Finished Goods Inventory of $21,000 During the year, Standard incurred manufacturing costs of $350,000 During the year, the following transactions occurred Job A-12 was completed for a total cost of $121,000 and was sold for $125,000 Job A-13 was completed for a total cost of $203,000 and was sold for $211,000 Job A-15 was completed for a total cost $64,000 but was not sold as of year-end The Manufacturing Overhead account had an unadjusted credit balance of 514,000 and was adjusted to zero at year and What was the amount of gross profit reported by Standard at the end of the year? O A $4,000 OB. 526.000 OC. 58.000 OD. $12,000 Calder Water Company has budgeted direct materials inventory purchases as follows October $300,000 November $370,000 December 5470,000 Calder pays for 10% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 20% two months after the month of purchase. What is the budgeted accounts payable balance on December 317 OA. 3470,000 OB. 5423,000 OC. 5460,000 OD. 5497,000