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 $24,500 of indirect material) $ 26,000 37,400 112,200 277,200 24,300 41,200 122,500 306,100 Note: The pre-determined overhead rate is 0.94 (94%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,440,000 and operating expenses were $305,000 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 For the Current Year Beginning Raw Materials Inventory Plus: Raw Material Purchases Plus: Indirect Material Used 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 $ 37,400 306,100 24,500 41,200 $ 326,800 277,200 112,200 122,500