The following beginning and ending inventory balances apply to XYZs 2009 accounting period:

Numbers are shown as Beginning, Ending:

Raw Materials Inventory $24,000, $22,000

Work in Process Inventory $32,000, $33,000

Finished Goods Inventory $20,000, $17,000

During 2009, the company purchased $234,000 of direct raw materials. It 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 overapplied or underapplied overhead. Revenue from goods sold during the year was $800,000.

Question: What is the gross margin?