The following beginning and ending inventory balances apply to Martin Company:

	Beginning				Ending
Raw Materials Inventory	$	43,500			$	41,500
Work in Process Inventory		51,500				52,500
Finished Goods Inventory		39,500				36,500

During the accounting period, the company purchased $343,500 of direct raw materials. It incurred $289,500 of direct labor costs for the year and allocated $369,500 of manufacturing overhead costs to work in process. There was no overapplied or underapplied overhead. Revenue from goods sold during the year was $909,500. What was Martin's gross margin?