The following information pertains to Canada Manufacturing:

Manufacturing costs $3,000,000

Units manufactured 60,000

Units sold 29,500 units sold for $85 per unit

Beginning inventory 0 units

What is the amount of gross profit?

Select one:

a. $1,032,500

b. $2,507,500

c.

$1,475,000

d. $1,500,000

e. None of the options