Answer the Following Questions Using the Information Below

Multiple Choice

Answer the following questions using the information below:
The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows:

-For last year, Wampum Enterprises reported revenues of $420,000, cost of goods sold of $108,000, cost of goods manufactured of $101,000, and total operating costs of $70,000. Gross margin for last year was:

A) $319,000
B) $312,000
C) $249,000
D) $242,000