Sales $20,000 Raw Materials Used 5,000 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 400 Beginning Work-in-Process Inventory 0 Ending Work-in-Process Inventory 600 Beginning Finished Goods Inventory 1,400 Ending Finished Goods Inventory 800