Compute the unknowns
| Sales | $100,000 |
| Direct materials used | 29,000 |
| Direct labor | 10,000 |
| Variable selling and administration expenses | 16,000 |
| Fixed manufacturing overhead | 30,000 |
| Fixed selling and administration expenses | 9,000 |
| Gross profit | ? |
| Opening material inventory | 3,000 |
| Closing material inventory | 10,000 |
| Variable manufacturing overhead | ? |
| Purchase of direct material | ? |
| Cost of goods manufactured | ? |
| Net income | 1,000 |
There is no opening or closing finished goods or work-in-process inventory.
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