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Presented below is selected information from the Kudlick Companys current period accounting records (in $000s):...

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Accounting

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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