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

Beginning Raw Materials Inventory $23,000

Ending Raw Materials Inventory 28,000

Beginning Work in Process Inventory 51,000

Ending Work in Process Inventory 60,000

Beginning Finished Goods Inventory 76,000

Ending Finished Goods Inventory 63,000

Cost of Goods Sold for the period 520,000

Sales Revenues for the period 1,214,000

Operating Expenses for the period 212,000