DS-25999 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $204,000 $243,000 %24 Purchases of raw materials Direct labor 20,000 Administrative expenses $146,000 Manufacturing overhead applied to work in process$358,000 Actual manufacturing overhead cost $328,000 Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year Year $60,000 $38,000 $25,000 $33,000 $ ? Raw materials Work in process Finished goods $44,000 For the year, the cost of goods available for sale was $704,000 and the net operating income as reported in its income statement income was $51,000. The DS-25999 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-25999 company's sales revenue for the year?

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Chapter2: Basic Cost Management Concepts
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Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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DS-25999 company provided the following data for the end of the year (all raw materials are used in production as direct materials):
Selling expenses
$204,000
$243,000
$20,000
$146,000
Manufacturing overhead applied to work in process$358,000
Purchases of raw materials
Direct labor
Administrative expenses
Actual manufacturing overhead cost
$328,000
Inventory balances at the beginning and end of the year were as follows:
Beginning End of
of Year
Year
Raw materials
$60,000
$25,000
$38,000
$33,000
$44,000
Work in process
Finished goods
For the year, the cost of goods available for sale was $704,000 and the net operating income as reported in its income statement
income was $51,000. The DS-25999 company's underapplied or overapplied overhead was closed to Cost of Goods Sold.
How much was the DS-25999 company's sales revenue for the year?
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Transcribed Image Text:DS-25999 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $204,000 $243,000 $20,000 $146,000 Manufacturing overhead applied to work in process$358,000 Purchases of raw materials Direct labor Administrative expenses Actual manufacturing overhead cost $328,000 Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year Year Raw materials $60,000 $25,000 $38,000 $33,000 $44,000 Work in process Finished goods For the year, the cost of goods available for sale was $704,000 and the net operating income as reported in its income statement income was $51,000. The DS-25999 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-25999 company's sales revenue for the year? < Prev 7 of 12 Next > 17,650 1. 56 MAR tv 14
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