The following information is available:
January 1, 2013, 2013 December 31, 2013
Raw materials inventory $ 26,000 $30,000
Work in process inventory 13,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales 800,000
Compute the gross profit??
Select one:
a. 233700
b. 566300
c. 557300
d. None of them