(Answered) Based on the data provided what is the gross

Accounting

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

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