AEZEIL353 company provided the following data for the end of the year (all raw materials...

90.2K

Verified Solution

Question

Accounting

image
image
AEZEIL353 company provided the following data for the end of the year (all raw materials are used in production as direct materials: Selling expenses $ 205,000 Purchases of raw materials $245,000 Direct labor $ 20,000 Administrative expenses $147,000 Manufacturing overhead applied to work in process $ 359,000 Actual manufacturing over head cost $330,000 (ID30533) AEZEIL353's inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning End of of Year Year $ 60,000 $ 38,000 $ 25,000 $ 33,000 $ ? $ 44,000 For the year, the cost of goods available for sale was $706,000 and the net operating Income as reported in its income statement income was $50,000. The AEZEIL353 company's underapplied or overapplied overhead was closed to cost of Goods Sold. Q. How much was the AEZEIL353 company's sales revenue for the year? Multiple Choice $1035.000 Q. How much was the AEZEIL353 company's sales revenue for the year? Multiple Choice $1,035.000 $1,027.000 $1023,000 $1031,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students