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Help Save GIGRIC314 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $211,000 Purchases of raw materials $257,000 Direct labor $ 20,000 Administrative expenses $153,000 Manufacturing overhead applied to work in process $365,000 Actual manufacturing overhead cost $342,000 GIGRIC314's inventory balances at the beginning and end of the year were as follows: 010876735) Beginning of Year 60,000 Raw materials $ Work in $ process Finished goods S End of Year $ 38,000 $ 33,000 25,000 ? $ 44,000 For the year, the cost of goods available for sale was $718,000 and the net operating inome as reported in its income statement income was $44,000 The GIGRIC314 company's underapplied or overapplied overhead was closed to Cost or Goods Soid. Q: How much was the GIGRIC314 company's sales revenue for the year? Multiple Choice $1.047,000 $1,051,000 $1,055,000 $1.059.000