Q4) Using the information below, calculate gross profit for theperiod.

Sales revenues for the period $1,214,000

Operating expenses for the period $230,000

Finished Goods Inventory, January 1 35,100

Finished Goods Inventory, December 31 40,100

Cost of goods manufactured for the period $495,000

Answers: 

$729,000. 

$724,000. 

$485,000. 

$490,000. 

$413,800.