Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory. $46,000; Work In Process Inventory. $94.000; and Finished Goods Inventory. $24000 During the year, the company purchased $64,000 of raw materials and ended the year with $20,000 of raw matenals Direct inbor costs for the year were $124,000 and a total of $40,000 of manufacturing overhead costs were allocated to work in process. There was no over- or underapplied overhead Ending work in process was $86,000 and ending finished goods was $39.000 Goods were sold to customers during the year for $354,000. How much gross margin would be reported for the year? Multiple Choice $92.000 $127.000 $107.000 Draw 6 of 25 Next