Using the information below, calculate gross profit for the period: 45 Beginning Raw Materials Inventory Ending Raw Materials Inventory 29,000 34,000 Beginning Work in Process Inventory Ending Work in Process Inventory 63,000 Skipped 72,000 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 88,000 75,000 580,000 1,334,000 272,000 Multiple Choice $754,000. $121,000 $1,062,000. $482,000. $767,000