E2-9 (Algo) Calculating Cost of Jobs [LO 2-4, 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 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.89 (89%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.89 (89%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. 1. WN Direct Material Used Applied Overhead Total Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold 4 5