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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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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