An auditor for the IRS is trying to reconstruct partially destroyed records of a business. He finds the following information.
balance sheet accounts as of				31-Dec-19	31-Dec-20
accounts receivable				$1,550	$1,625
FG inventory				$4,330	$5,270
WiP inventory				$900	$1,255
RM inventory					$1,780
IS and CF statement accounts for year ending				31-Dec-19	31-Dec-20
CGS				$24,250	$23,550
RM used				$11,800	$12,790
RM purchases				$12,200	$11,200
DL incurred				$6,130	$5,945
Collections from customers				$29,700	$29,700

Calculate the cost of goods manufactured.

12,790 - 11,200 + 1,780 = 3370

Calculate the manufacturing overhead incurred.

Calculate the beginning balance in RM inventory.

Calculate the revenues earned for the year.