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Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January
Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 1 Direct Labor for the current year Ending Finished Goods, December 31 Ending Raw Materials, December 31 Ending Work in Process, December 31 Material Purchases for the current year (including $18,500 of indirect material) 1. Direct Material Used 2. Applied Overhead 3. Total Manufacturing Cost 4. Cost of Goods Manufactured 5. Cost of Goods Sold. $ $ $ $ Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.82 (82%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. I $ 24,800 36,200 111,000 276,000 282,000 226,320 784,320 774,020 23,100 40,600 121,300 304,900
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