The following information was extracted from the accounting records of Pickin and Grinnin, LLC, a manufacturer of guitars:

Beginning Raw Materials Inventory	$375,000
Ending Raw Materials Inventory	$435,000
Direct Factory Labor	$185,000
Indirect Factory Labor	$35,000
Factory Utilities	$44,000
Selling, General, and Administrative Expenses	$125,000
Building - Depreciation*	$300,000

• 70% of the building is devoted to production, 30% of the building is devoted to selling and administrative functions.

1. $403,345 in direct materials were purchased during the period.

2. Raw Materials Inventory consists solely of direct material.

3. There was a $46,272 net increase in the company's Work in Process inventories during the year.

4. The company's beginning and ending finished goods inventories were $475,000 and $450,000, respectively.

Based solely on the above information,

What is the company's gross profit for the period assuming sales revenue totaled $1,416,804?

A. 2,375,421

B. 1,555,421

C. 405,731

D. 1,552,877

E. 620,731