Finished goods inventory, beginning of year

Finished goods inventory, end of year

Gross profit

Selling and administrative expenses

Work in process inventory, beginning of year

Work in process inventory, end of year

$16,000$

$20,000$

$30,000$

$12,000$

$11,000$

$9,000$

Assume no income taxes.

Required:

Determine the following values for $2023$ :

a$.$ Net income

b$.$ Cost of goods sold

c$.$ Sales

d$.$ Direct materials used

e$.$ Prime costs

f$.$ Conversion costs