Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory, $35,000; Work in Process Inventory, $83,000; and Finished Goods Inventory. $13,000.During the year, the company purchased $53,000 of raw materials and ended the year with $9,000 of raw materials. Direct labor costs for the year were $113,000 and a total of $29,000 of manufacturing overhead costs were allocated to work in process. There was no over- or underapplied overhead. Ending work in process was $75,000 and ending finished goods was $28,000. Goods were sold to customers during the year for $343,000. How much gross margin would be reported for the year? Multiple Choice $129,000 $114,000 $149,000 < Prev 29 of 40 Next L