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 $15,500 of indirect material) $ 24,200 35,600 110,400 $275,400 22,500 40,300 120,700 304,300 Note: The pre-determined overhead rate is 0.76 (76%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,260,000 and operating expenses were $215,000 for 2018. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Direct Materials Used in Production Total Current Manufacturing Costs Cost of Goods Manufactured Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,260,000 and operating expenses were $215,000 for 2018. DAVENPORT COMPANY Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations Income Statement For the Year 2018