E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] Manufacturing costs for Davenport Company during 2018 were as follows: 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 $22,000 of indirect material) $ 25,500 36,900 111,700 $276,700 23,800 40,950 122,000 305,600 Note: The pre-determined overhead rate is 0.89 (89%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,390,000 and operating expenses were $280,000 for 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2. Prepare a Cost of Goods Manufactured report.