The following information was extracted from the accounting records of Pickin' and Grinnin', LLC, a manufacturer of guitars: Beginning Raw Materials Inventory $375,000 $435,000 Ending Raw Materials Inventory Direct Factory Labor Indirect Factory Labor Factory Utilities Selling, General, and Administrative Expenses Building Depreciation* $185,000 $ 35,000 $ 44,000 $125,000 $300,000 A. 1,669,318 B. 2,494,734 C. 1,674,734 D. 602,704 E. 387,704 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. $472,015 in direct materials were purchased during the period. Raw Materials Inventory consists solely of direct material. There was a $47,708 net increase in the company's Work in Process inventories during the year. 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 $1,466,011? A. 1,669,318 B. 2,494,734 C. 1,674,734 D. 602,704 E. 387,704