Use the Following Information to Determine the Gross Margin for Pacific

Use the following information to determine the gross margin for Pacific States Manufacturing for the year just ended (all amounts are in thousands of dollars):
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 31,800 \\\hline \text { Purchases of direct materials } & \$ 7,000 \\\hline \text { Direct labour } & \$ 5,000 \\\hline \text { Work in process, } 1 / 1 & \$ 800 \\\hline \text { Work in process, } 1 / 31 & \$ 3,000 \\\hline \text { Finished goods inventory, } 1 / 1 & \$ 4,000 \\\hline \text { Finished goods inventory, } 1 / 31 & \$ 5,300 \\\hline \text { Accounts payable, } 1 / 1 & \$ 1,700 \\\hline \text { Accounts payable, } 1 / 31 & \$ 1,500 \\\hline \text { Direct materials inventory, } 1 / 1 & \$ 6,000 \\\hline \text { Direct materials inventory, } 1 / 31 & \$ 1,000 \\\hline \text { Indirect labour } & \$ 600 \\\hline \text { Indirect materials used } & \$ 500 \\\hline \text { Utilities expense, factory } & \$ 1,900 \\\hline \text { Depreciation on factory equipment } & \$ 3,500 \\\hline\end{array}$