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 $ 25,900 37,300 112,100 Direct Labor for 2018. $277,100 Ending Finished Goods, 24,200 12/31/18 Ending Raw Materials, 41,150 12/31/18 Ending Work in Process, 122,400 12/31/18 Material Purchases for 306,000 2018 (including $24,000 of indirect material) Note: The pre-determined overhead rate is 0.93 (93%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,430,000 and operating expenses were $300,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1.430.000 and operating expenses were $300,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Plus Costs of Goods Manufactured Cost of Goods Available for Sale Plus Ending Finished Goods Inventory 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 $ 25,900 37,300 112,100 Direct Labor for 2018. $277,100 Ending Finished Goods, 24,200 12/31/18 Ending Raw Materials, 41,150 12/31/18 Ending Work in Process, 122,400 12/31/18 Material Purchases for 306,000 2018 (including $24,000 of indirect material) Note: The pre-determined overhead rate is 0.93 (93%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,430,000 and operating expenses were $300,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1.430.000 and operating expenses were $300,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Plus Costs of Goods Manufactured Cost of Goods Available for Sale Plus Ending Finished Goods Inventory Cost of Goods Sold