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 24,500 29,500 54,000 63,000 79,000 66,000 535,000 Sales revenues for the period Operating expenses for the period 1,244,000 227,000 Muldple Cholce $482,000. $166.000. $722,000. $709,000. $1,017,000