Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 25,900 Beginning Raw Materials, 1/1/18 37,300 Beginning Work in Process, 1/1/18 112,100 Direct Labor for 2018 $ 277,100 Ending Finished Goods, 12/31/18 24,200 Ending Raw Materials, 12/31/18 41,150 Ending Work in Process, 12/31/18 122,400 Material Purchases for 2018 306,000 (including $24,000 of indirect material) 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 if sales revenue was $1,430,000 and operating expenses were $300,000 for 2018.