E2-9 (Algo) Calculating Cost of Jobs [LO 2-4, 2-6] Manufacturing costs for Davenport Company during 2018 were as follows: $ 24,700 36,100 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 $18,000 of indirect material) 110,900 275,900 23,000 40,550 121,200 304,800 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.81 (81%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. 2. 3. Direct Material Used Applied Overhead Total Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold 4 5