DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $211,000 $257,000 Purchases of raw materials $ 20,000 $153,000 Manufacturing overhead applied to work in process$365,000 $342,000 Direct labor Administrative expenses Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year $ 60,000 $38,000 $ 25,000 $ 33,000 $ ? Year Raw materials Work in process Finished goods $44,000 For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-20892 company's sales revenue for the year? Multiple Choice SLOSL000 $1047,000 $LOS9.000 $LOS5.000 оооо
DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $211,000 $257,000 Purchases of raw materials $ 20,000 $153,000 Manufacturing overhead applied to work in process$365,000 $342,000 Direct labor Administrative expenses Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year $ 60,000 $38,000 $ 25,000 $ 33,000 $ ? Year Raw materials Work in process Finished goods $44,000 For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-20892 company's sales revenue for the year? Multiple Choice SLOSL000 $1047,000 $LOS9.000 $LOS5.000 оооо
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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pls help asap
![DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials):
Selling expenses
$211,000
Purchases of raw materials
$257,000
$ 20,000
Direct labor
Administrative expenses
$153,000
Manufacturing overhead applied to work in process$365,000
$342,000
Actual manufacturing overhead cost
Inventory balances at the beginning and end of the year were as follows:
Beginning End of
of Year
$ 60,000
$ 25,000
Year
$ 38,000
$ 33,000
$ 44,000
Raw materials
Work in process
Finished goods
$
For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold.
How much was the DS-20892 company's sales revenue for the year?
Multiple Choice
$1,051,000
$1,047,000
$1,059,000
$1,055,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F764490e7-025d-426a-aa29-08f184c21ed9%2Fdbe396e0-6596-4b29-aeae-5966c4276585%2Fczbpfdg_processed.png&w=3840&q=75)
Transcribed Image Text:DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials):
Selling expenses
$211,000
Purchases of raw materials
$257,000
$ 20,000
Direct labor
Administrative expenses
$153,000
Manufacturing overhead applied to work in process$365,000
$342,000
Actual manufacturing overhead cost
Inventory balances at the beginning and end of the year were as follows:
Beginning End of
of Year
$ 60,000
$ 25,000
Year
$ 38,000
$ 33,000
$ 44,000
Raw materials
Work in process
Finished goods
$
For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold.
How much was the DS-20892 company's sales revenue for the year?
Multiple Choice
$1,051,000
$1,047,000
$1,059,000
$1,055,000
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