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 $16,000 of indirect material) $ 24,300 35,700 110,500 275,500 22,600 40,350 120,800 304,400 Note: The pre-determined overhead rate is 0.77 (77%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,270,000 and operating expenses were $220,000 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 Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used For the Current Year Less: Ending Raw Materials Inventory Direct Materials Used in Production Beginning Raw Materials Inventory Applied Manufacturing Overhead Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured Required 1 Required 2 > < Prev 2 of 9 Next > Complete this question by entering your answers in the tabs below. Required 1 Required 2 for the current Prepare a Partial Income Statement if sales revenue was $1,270,000 and operating expenses were $220,000 for the current year. Beginning Finished Goods Inventory Less: Cost of Goods Sold Accounts Receivable Cost of Goods Available for Sale DAVENPORT COMPANY Income Statement For the Current Year Cost of Goods Sold Net Income from Operations. < Required 1 Required 2>