Finished goods $$33,000$

Estimated total manufacturing overhead at the beginning of the

year $................................................................................................$ $$540,000$

Estimated direct labor$-$hours at the beginning of the year............. $$40,000$ direct labor$-$hours

Raw mate$1$ials $($all direct$)$ requisitioned for use in production $$462,000$

Direct labor cost $$567,000$

Actual direct labor$-$hours $$39,000$ direct labor$-$hours

Indirect labor cost $$121,000$

Other manufacturing overhead costs incurred $$451,000$

Selling and administrative salaries $$263,000$

Other selling and administrative expenses $$299,000$

Cost of goods manufactured $$1,371,000$

Sales revenue $$3,298,000$

Cost of goods sold $$1,302,000$

What is the total manufacturing cost added to Work in Process during the year?

What is the cost of goods available for sale during the year?

What is the net operating income for the year?