At the Beginning of the Year,Berkshire Manufacturing Had the Following $\begin{array}{cc}\text {work in process inventory }\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$

At the beginning of the year,Berkshire Manufacturing had the following account balances: $\begin{array}{cc}\text {work in process inventory }\\\hline\begin{array}{ll|l}&2,000& \\\end{array}\end{array}$ $\begin{array}{cc}\text {Finished Goods Inventory }\\\hline\begin{array}{ll|l}&8,000& \\\end{array}\end{array}$ $\begin{array}{cc}\text { Manufacturing Overhead }\\\hline\begin{array}{ll|l}0& \\\end{array}\end{array}$ $\begin{array}{cc}\text { Cost of Goods Sold }\\\hline\begin{array}{ll|l}& 0\\\end{array}\end{array}$ $\begin{array}{cc}\text {Sales Revenue }\\\hline\begin{array}{ll|l}&&0 \\\end{array}\end{array}$ The following additional details are provided for the year:
$\begin{array}{|l|c|}\hline\text { Direct materials placed in production } & \$ 81,000 \\\hline \text { Direct labor incurred } & 190,000 \\\hline \text { Manufacturing overhead incurred } & 302,000 \\\hline \text { Manufacturing overhead allocated to production } & 293,000 \\\hline \text { Cost of jobs completed and transferred } & 506,000 \\\hline \text { Total revenue } & 751,000 \\\hline \text { Cost of goods sold (before adjustment) } & 444,400\\\hline\end{array}$ Calculate the gross profit Berkshire will report for the year.

A) $245,000
B) $297,600
C) $306,600
D) $453,400