Selling expenses $ 201,000 Purchases of raw materials $ 237,000 Direct labor $ 20,000 Administrative expenses $ 143,000 Manufacturing overhead applied to work in process $355,000 Actual manufacturing overhead cost $322,000 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 $698,000 and the net operating income as reported in its income statement income was $54,000. The company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the company's sales revenue for the year? Multiple Choice $1,031,000 $1.019,000 $1,027,000 $1,023,000