At the Beginning of the Year,Berkshire Manufacturing Had the Following $\begin{array}{c} \text { Work-in-Process Inventory} &\\ \hline\begin{array}{l|l}2,000&\\\end{array}\end{array}$

At the beginning of the year,Berkshire Manufacturing had the following account balances: $\begin{array}{c} \text { Work-in-Process Inventory} &\\ \hline\begin{array}{l|l}2,000&\\\end{array}\end{array}$
$\begin{array}{c} \text { Finished Goods Inventory} &\\ \hline\begin{array}{l|l}8,000&\\\end{array}\end{array}$
$\begin{array}{c} \text { Manufacturing Overhead} &\\ \hline\begin{array}{l|l} 0&\\\end{array}\end{array}$
$\begin{array}{c} \text { Cost of Goods Sold} &\\ \hline\begin{array}{l|l} 0&\\\end{array}\end{array}$

$\begin{array}{c} \text { Sales Revenue} &\\ \hline\begin{array}{l|l} &0\\\end{array}\end{array}$

The following additional details are provided for the year:
$$\begin{array} { | l | l |} \hline \text { Direct materials placed in production } & \$ 80,000 \\\hline \text { Direct labor incurred } & 192,000 \\\hline \text { Manufacturing overhead incurred } & 301,000 \\\hline \text { Manufacturing overhead allocated to production } & 294,000 \\\hline \text { Cost of jobs completed and transferred } & 502,000 \\\hline \text { Total revenue } & 752,000 \\\hline \text { Cost of goods sold } & 448,000 \\\hline\end{array}$$ Calculate the gross profit Berkshire will report for the year.

A) $250,000
B) $297,000
C) $304,000
D) $455,000