Using the information below, calculate gross profit for the period: 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 $699,000 $1,007,000. $712,000. $176,000 $482,000. 23,500 28,500 52,000 61,000 77,000 64,000 525,000 1,224,000 217.000 0 0 0 0 0