The following information pertains to the Candy Corporation: Beginning finished goods, 1/1/2020 $80,000, Ending finished goods, 31/12/2020 $67,000, Cost of goods sold $270,000, Sales revenue $500,000 and Operating expenses $145,000. The gross margin for 2020 is:

Select one:

a.

$257,000

b.

$230,000

c.

$283,000

d.

$355,000