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) $ 24,800 36,200 111,000 276,000 23,100 40,600 121,300 304,900 Note: The pre-determined overhead rate is 0.82 (82%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,320,000 and operating expenses were $245,000 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 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 < Required 1 Required 2 > 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) $ 24,800 36,200 111,000 276,000 23,100 40,600 121,300 304,900 Note: The pre-determined overhead rate is 0.82 (82%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,320,000 and operating expenses were $245,000 for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,320,000 and operating expenses were $245,000 for the current year. Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold DAVENPORT COMPANY Income Statement For the Current Year Net Income from Operations < Required 1 Required 2 >