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 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $22,589 of indirect material) $ 25,689 37,600 111,880 $ 276,880 23,980 41,800 122, 180 385,700 Note: The pre-determined overhead rate is 0.90 (90%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement of sales revenue was $1,400,000 and operating expenses were $285.000 for 2018. Required: Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Direct Materials used in Production Total Current Manufacturing Costs Cost of Goods Manufactured Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,400,000 and operating expenses were $285,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations