he 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)?

S. you are changing planes in london for a flight to paris where you will connect with your flight to capetown. you are picking up reading material for the flight and are looking at the prices listed on the economist magazine which conveniently lists prices in several different global currencies. you note that the price in pounds is 2.40 pounds and the price in euros is 2 euros. the exchange rate for the dollar (your credit card was issued in the usa) is $1.59/pound and s1.3837/euro. should you buy reading materials now or wait until you're in paris?