Business, 17.03.2021 23:50 ErrorNameTaken505

DS-87687 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $ 207,000
Purchases of raw materials $ 249,000
Direct labor $ 20,000
Administrative expenses $ 149,000
Manufacturing overhead applied to work in process $ 361,000
Actual manufacturing overhead cost $ 334,000

Inventory balances at the beginning and end of the year were as follows:

Beginning of Year End of 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 $710,000 and the net operating income as reported in its income statement income was $48,000. The DS-87687 company’s underapplied or overapplied overhead was closed to Cost of Goods Sold.

How much was the DS-87687 company's sales revenue for the year?

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