DS-47907 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $202,000 Purchases of raw materials $239,000 Direct labor $ 20,000 Administrative expenses $144,000 Manufacturing overhead applied to work in process $356,000 Actual manufacturing overhead cost $324,000 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 $700,000 and the net operating income as reported in its income statement income was $53,000. The DS-47907 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-47907 company's sales revenue for the year? Multiple Choice $1,019,000 $1,015,000 $1,023,000 $1,011,000