Question: 3 . Presented below is selected information from the Kudlick Company s current period accounting records ( in $ 0 0 0 s ) :

3. Presented below is selected information from the Kudlick Companys current period accounting records (in $000s):
Sales $25,000
Raw Materials Used 5,500
Direct Labor Costs 2,000
Period Costs (Selling and Administrative)5,000
Beginning Raw Material Inventory 600
Ending Raw Material Inventory 2,000
Net Income 600
Beginning Work-in-Process Inventory 0
Ending Work-in-Process Inventory 600
Beginning Finished Goods Inventory 1400
Ending Finished Goods Inventory 800
* NOTE: All raw materials used were direct materials.
Required: Determine the following (in dollars):
a. Raw Material Purchases
b. Gross Profit
c. Cost of Goods Manufactured
d. Manufacturing Overhead

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