Question
DS-61943 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $
DS-61943 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $ 212,000 Purchases of raw materials $ 269,000 Direct labor $ 19,000 Administrative expenses $ 159,000 Manufacturing overhead applied to work in process $ 371,000 Actual manufacturing overhead cost $ 354,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year End of Year Raw materials $ 59,000 $ 38,000 Work in process $ 30,000 $ 32,000 Finished goods $ ? $ 45,000 For the year, the cost of goods available for sale was $730,000 and the net operating income as reported in its income statement income was $38,000. The DS-61943 companys underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-61943 company's sales revenue for the year? rev: 11_05_2018_QC_CS-146504 Multiple Choice $1,071,000 $1,075,000 $1,077,000 $1,083,000
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