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The following is data for a manufacturing company: Begin Direct Materials $ 2,000 Direct Labor $5,000 End Direct Materials 3,000 Begin Work-in-Process 4,000 End Work-in-Process

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The following is data for a manufacturing company: Begin Direct Materials $ 2,000 Direct Labor $5,000 End Direct Materials 3,000 Begin Work-in-Process 4,000 End Work-in-Process 6,000 Manufacturing Overhead 12,000 Direct Materials Purchased 10,000 Cost of Goods Manufactured 24,000 Cost Goods Sold End Finished Goods 9,000 Gross Margin (Profit) Operating Expenses 6,000 Beginning Finished Goods 5,000 Sales Revenue 50,000 What is the amount of Gross Margin (Profit)

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