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Manufacturing costs for Davenport Company during 2018 were as follows: 24,100 35,500 Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18
Manufacturing costs for Davenport Company during 2018 were as follows: 24,100 35,500 Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018. 110,300 275,300 22,400 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 40,250 120,600 304,200 (including $15,000 of indirect material) Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.75 (75%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold. 1. Direct Material Used 2. Applied Overhead 3 Total Manufacturing Cost 4. Cost of Goods Manufactured 5 Cost of Goods Sold Ces
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