Manufacturing costs for Davenport Company during 2018 were as follows:

Beginning Finished Goods, January 1$ 25,800Beginning Raw Materials, January 137,200Beginning Work in Process, January 1112,000Direct Labor for the current year277,000Ending Finished Goods, December 3124,100Ending Raw Materials, December 3141,100Ending Work in Process, December 31122,300Material Purchases for the current year (including $23,500 of indirect material)305,900

Required:

1. Compute direct material used.
2. Compute applied overhead if the company applies overhead at a rate of 0.92 (92%) of direct labor cost.
3. Compute total manufacturing cost.
4. Compute cost of goods manufactured.
5. Compute cost of goods sold.