On January 1, Standard Manufacturing had a beginning balance in Work-in-Process Inventory of $81, 300 and a beginning balance in Finished Goods Inventory of $22,000. During the year, Standard incurred manufacturing costs of $354,000. During the year, the following transactions occurred: Job A-12 was completed for a total cost of $123,000 and was sold for $125,000. Job A-13 was completed for a total cost of $202,000 and was sold for $214,000. 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 $13,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Standard at the end of the year? $14,000 $2000 $27,000 $12,000