Using the information below, calculate gross profit for the period:

Beginning Raw Materials Inventory	$ 23,500
Ending Raw Materials Inventory	28,500
Beginning Work in Process Inventory	52,000
Ending Work in Process Inventory	61,000
Beginning Finished Goods Inventory	77,000
Ending Finished Goods Inventory	64,000
Cost of Goods Sold	525,000
Sales	1,224,000
Selling Expenses	217,000