TB MC Qu. 14-151 (Algo) Using the information below...

Using the information below, calculate gross profit for the period.

Sales	$ 1,224,000
Selling expenses	231,000
Finished Goods Inventory, beginning	35,200
Finished Goods Inventory, ending	40,200
Cost of goods manufactured	500,000

Multiple Choice

• $734,000.

• $729,000.

• $490,000.

• $495,000.

• $417,600.