Using the information below, calculate gross profit for the period: 8 00:46:51 Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold for the period Sales Revenues for the period Operating Expenses for the period $ 25,000 30,000 55,000 64.000 80,000 67,000 540,000 1,254,000 232,000 Multiple Choice $1022.000 $482000 $714.000 $187,000 $727,000