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 $21,500 of indirect material) $ 25,400 36,800 111,600 276,600 23,700 40,900 121,900 305,500 Note: The pre-determined overhead rate is 0.88 (88%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,380,000 and operating expenses were $275,000 for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report For the Current Year Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials Used in Production Direct Labor Applied Manufacturing Overhead Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured $ 36,800 284,000 Prepare a Partial Income Statement if sales revenue was $1,380,000 and operating expenses were $275,000 for the current year. Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations DAVENPORT COMPANY Income Statement For the Current Year