Use the following information to determine the gross margin for IntelManufacturing for the year just ended (all amounts are in thousands ($ 000s) of dollars:

Accounts payable, 1/1 1,700

Accounts payable, 12/31 1,500

Depreciation on factory equipment 2,500

Direct labor 8,000

Direct materials inventory, 1/1 8,000

Direct materials inventory, 12/31 1,000

Finished goods inventory, 1/1 20,000

Finished goods inventory, 12/31 21,300

Indirect labor 1,600

Indirect materials used 1,500

Purchases of direct materials 8,000

Sales $21,800

Utilities expense, factory 900

Work in process inventory, 1/1 1,800

Work in process inventory, 12/31 10,000