Q18. I appreciate your help. Thank you!

GIGRIC314 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 $ 212,000 $ 259,000 $ 20,000 $154,000 $366,000 $ 344,000 GIGRIC314's inventory balances at the beginning and end of the year were as follows: (ID#34753) Beginning of End of Year Year Raw materials $ 60,000 $ 38,000 Work in process $ 25,000 $ 33,000 Finished goods $ ? $ 44,000 For the year, the cost of goods available for sale was $720,000 and the net operating Income as reported in its Income statement income was $43,000. The GIGRIC314 company's underapplied or overapplied overhead was closed to cost of Goods Sold Q: How much was the GIGRIC314 company's sales revenue for the year? Multiple Choice ( O $1,051.000 O $1,059,000 $1,063,000 O $1,055,000