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Manufacturing costs for Davenport Company during 2 0 1 8 were as follows: Beginning Finished Goods, January 1 $ 2 4 , 6 0 0

Manufacturing costs for Davenport Company during 2018 were as follows:
Beginning Finished Goods, January 1 $ 24,600
Beginning Raw Materials, January 136,000
Beginning Work in Process, January 1110,800
Direct Labor for the current year 275,800
Ending Finished Goods, December 3122,900
Ending Raw Materials, December 3140,500
Ending Work in Process, December 31121,100
Material Purchases for the current year (including $17,500 of indirect material)304,700
Required:
Compute direct material used.
Compute applied overhead if the company applies overhead at a rate of 0.80(80%) of direct labor cost.
Compute total manufacturing cost.
Compute cost of goods manufactured.
Compute cost of goods sold.

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