Raw materials $32000; Work in process $80000; Finished goods $10000 During th

Raw materials $32000; Work in process $80000; Finished goods $10000
During the accounting period the company purchased $50000 of raw materials and ended the period with $6000 in raw material inventory.
Direct labor costs for the period were $110000 and $26000 of manufacturing overhead costs was allocated to work in process. There was no over or underapplied
overhead. Ending work in process was $72000 and ending finished goods inventory was $25000. Goods were sold during the period for revenue of $340000. How
much gross margin would be reported in 2012?