Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $17,500 of indirect material) $ 24,600 36,000 110,800 $275,800 22,900 40,500 121,100 304,700 Note: The pre-determined overhead rate is 0.80 (80%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,300,000 and operating expenses were $235,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Direct Materials Used in Production Total Current Manufacturing Costs Prepare a Partial Income Statement if sales revenue was $1,300,000 and operating expenses were $235,000 for 2018. DAVENPORT COMPANY Income Statement Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations For the Year 2018