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PS-57187 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $199,000
PS-57187 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $199,000 Purchases of raw materials $233,000 Direct labor $ 20,000 Administrative expenses $141,000 Manufacturing overhead applied to work in process $353,000 Actual manufacturing overhead cost $318,000 nventory 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-57187 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-57187 company's sales revenue for the year? $1,023,000 $1,019,000 0 0 0 0 $1,011,000 $1,015,000
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