The Daily Grind, Inc. is a manufacturer of restaurant grade coffee makers. For the year just ended, the company's building expenses totaled $42,000. The building is used for both selling and administrative activities and manufacturing operations. Of the 8,000 total building square footage, 2,000 square feet are used for selling and administrative activities. The remaining building square footage is used for manufacturing operations. Building costs are split into period and product costs based on building square footage. The company includes both direct and indirect materials in its raw material inventory. At the beginning of the year, the company reported $15,000 in its raw material inventory. The ending raw material inventory reported on its balance sheet was $18,000. The company reported raw material purchases of $32,900 during the year and direct materials used of $25,600. $7,600 of direct labor costs and $4,000 of indirect factory labor costs were reported on the company's cost of goods sold schedule for the year. The company reported an $8,000 net decrease in its work in process inventory during the year. If the cost of units completed during the year was $6,400 higher than the cost of units sold during the year, what was the company's sales revenue given a gross profit of $11,700? Assume the company uses actual costing to account for manufacturing overhead. A. $96,800 B. $70,300 c. $82,000 D. $61,000 E. $86,300 Time Remaining: 02:18:40 Next