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Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process,
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 $21,000 of indirect material) $ 25,300 36,700 111,500 276,500 23,600 40,850 121,800 305,400 Note: The pre-determined overhead rate is 0.87 (87%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,370,000 and operating expenses were $270,000 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 Direct Materials Used in Production Total Current Manufacturing Costs Cost of Goods Manufactured < Required 1 Required 2 >
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Based on the image you sent the cost of goods manufactured for Davenport Company during the current year is 320000 This can be solved by completing the Cost of Goods Manufactured report which is parti...Get Instant Access to Expert-Tailored Solutions
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