Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory, $47,000; Work in Process Inventory, $95,000; and Finished Goods Inventory, $25,000 During the year, the company purchased $65,000 of raw materials and ended the year with $21,000 of raw materials. Direct labor costs for the year were $125,000 and a total of $41,000 of manufacturing overhead costs was allocated to work in process. There was no over- or underapplied overhead. Ending work in process was $87000 and ending finished goods was $40,000. Goods were sold to customers during the year for $355,000. How much gross margin would be reported for the year? Multiple Choice S90,000 $125,000 $105,000 $151,000