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During the year, the following events occurred:

1.	Crane purchased raw materials costing $112,000 on account.
2.	Crane used $149,300 of raw materials in production. Of these, 80% were classified as direct materials and 20% as indirect materials. (Crane maintains a single Raw Materials Inventory account.)
3.	Crane used 31,000 hours of direct labor. The companys average direct labor rate was $11 per hour (credit Wages Payable).
4.	The companys indirect labor cost was $168,000 (credit Wages Payable).
5.	Other manufacturing overhead costs the company incurred on account totaled $94,400.
6.	Crane applied $316,800 in manufacturing overhead.
7.	The company completed production of goods costing $795,400.
8.	The companys Cost of Goods Sold balance was $801,300 before adjusting for over- or underapplied overhead.
9.	Sales revenue was $1,040,000 (all sales were made on account).
10.	Crane collected $803,200 from customers.
11.	The company paid accounts payable of $201,300.

Calculate cost of goods available for sale during the year.

Goods available for sale

Raw Materials Inventory Work in Process Inventory 1/1 57,400 1/1 24,000 Finished Goods Inventory Cash 1/1 34,600 1/1 34,200 Accounts Receivable Accounts Payable 1/1 47,300 1/1 41,900

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