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 $24,889 of indirect material) $ 25, see 37,300 112,100 $ 277,100 24,200 41,150 122,400 3e6, eee Note: The pre-determined overhead rate is 0.93 (93%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2 Prepare a Partial Income Statement of sales revenue was $1.430.000 and operating expenses were $300,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. $ 37,300 308,000 41,150 DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials used in Production Direct Labor Applied Manufacturing Overhead Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less Ending Work in Process Inventory Cost of Goods Manufactured (Required Required 2 > 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 $24,889 of indirect material) $ 25,9ee 37,3ee 112,100 $ 277,1ee 24,200 41,150 122,40e 3e6, eee Note: The pre-determined overhead rate is 0.93 (939) of direct labor cost. Required: 1. Prepare a cost of Goods Manufactured report. 2 Prepare a Partial Income Statement of sales revenue was $1.430.000 and operating expenses were $300,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,430,000 and operating expenses were $300,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Plus: Costs of Goods Manufactured Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Cost of Goods Sold Gross Profit Less: Operating (Period) Expenses Net Income from Operations