Based on the data provided what is the gross profit

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Based on the data provided what is the gross profit?

Presented below is selected information from the Kudlick Company's 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

Reference no: EM131792988

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