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Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory, $51,000; Work in Process Inventory, $99,000, and Finished Goods Inventory, $29,000.

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Tisdale Company started the year with the following beginning account balances: Raw Materials Inventory, $51,000; Work in Process Inventory, $99,000, and Finished Goods Inventory, $29,000. During t year, the company purchased $69,000 of raw materials and ended the year with $25,000 of raw materials. Direct labor costs for the year were $129,000 and a total of $45,000 of manufacturing overhead costs were allocated to work in process. There was no over or underapplied overhead Ending work in process was $91,000 and ending finished goods was $44,000. Goods were sold to customers during the year for $359,000. How much gross margin would be reported for the year? Multiple Choice O $143,000 O 597,000 97,000 O 582,000 O S97000

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