Barger-Volvov Company Had the Following Information at December 31, 2016

Multiple Choice

Barger-Volvov Company had the following information at December 31, 2016: $$\begin{array} { l l } \text { Finished goods inventory, January } 1,2016 \ldots \ldots \ldots \ldots \ldots & \$ 15,000 \\\text { Finished goods inventory, December } 31,2016 \ldots \ldots \ldots \ldots & \$ 21,000\end{array}$$ If the cost of goods manufactured during the year amounted to $332,500 and annual sales were $499,000, how much is the amount of gross profit for the year?

A) $166,500
B) $151,500
C) $326,500
D) $172,500