Part 7 Assessment 7: The following beginning and ending... LO 10-5 The following beginning and ending inventory balances apply to Holder Company 015 poi Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning $24.ee 32.000 20,000 Ending $22,eee 33,00 17,00 During the accounting period, the company purchased $234,000 of direct raw materials incurred $180.000 of direct labor costs for the year and allocated $260.000 of manufacturing overhead costs to work in process. There was no overopplied or underapplied overhead. Revenue from goods sold during the year was $800,000. What was Holder's gross margin? Mimple Choice $678000 M GE H Save 33 000 do process there was no overed or underapped overhead ever goods so during the year was and located