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Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 24.100 Beginning Raw Materials, 1/1/18 35,500 Beginning Work in
Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 24.100 Beginning Raw Materials, 1/1/18 35,500 Beginning Work in Process, 1/1/18 110,300 Direct Labor for 2018 $275,300 Ending Finished Goods, 12/31/18 22,400 Ending Raw Materials, 12/31/18 40,250 Ending Work in Process, 12/31/18 120,600 Material Purchases for 2018 (including $15,000 of indirect material) 304,200 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.75 (75 percent) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold.
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