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Case study of kudlick company

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Reference no: EM13926478

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 5000
Beginning raw materials inventory 600
Ending raw materials inventory 2000
Net income 600
Beginning work in progress inventory 0
Ending work in progress 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 materials

b. Gross profit

c. Cost of goods manufactured

d. Manufacturing overhead

Reference no: EM13926478

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