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Access Company is a manufacturing company. Below is selected information from the Wayne Company's current period accounting records (in $000s): Sales $25,000 Raw Materials Used

Access Company is a manufacturing company. Below is selected information from the Wayne 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

* 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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