Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw...
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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 $25,000 of indirect material) $ 26,100 37,500 112,300 277,300 24,400 41,250 122,600 306,200 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.95 (95%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. 1 Direct Material Used 2. Applied Overhead 3. Total Manufacturing Cost 4. Cost of Goods Manufactured 5 Cost of Goods Sold 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 $25,000 of indirect material) $ 26,100 37,500 112,300 277,300 24,400 41,250 122,600 306,200 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.95 (95%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. 1 Direct Material Used 2. Applied Overhead 3. Total Manufacturing Cost 4. Cost of Goods Manufactured 5 Cost of Goods Sold
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