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Numbers 1 and 2 are correct I need help with numbers 3-4-5 please Manufacturing costs for Davenport Company during 2018 were as follows: $ Beginning
Numbers 1 and 2 are correct I need help with numbers 3-4-5 please
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 $24,000 of indirect material) 25,900 37,300 112,100 277,100 24,200 41,150 122,400 306,000 Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.93 (93%) 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 278,150 $ $ 2. 257,703 3. $ 836,953 Applied Overhead Total Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold 4 $ 826,653 828,353 5. $Step by Step Solution
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