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, 1110 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 $23,500 of indirect material) $ 25,800 37,200 112,000 $277.000 24.100 41,100 122,300 305,900 Note: The pre-determined overhead rate is 0.92 (92%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,420,000 and operating expenses were $295,000 for 2018 Complete this question by entering your answers in the tabs below. Require : 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 Cost of Goods Manufactured Required 2 >