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DS-21772 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses Purchases
DS-21772 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 199,000 $ 233,000 $ 20,000 $141,000 $ 353,000 $ 318,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning End of of Year Year $ 60,000 $ 38,000 $ 25,000 $ 33,000 $ ? $ 44,000 For the year, the cost of goods available for sale was $694,000 and the net operating income as reported in its income statement income was $56,000. The DS-21772 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-21772 company's sales revenue for the year
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