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2 Homework You received partial cred . E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement (LO 2-6) Manufacturing costs for Davenport Company during 2018 were as follows: arded 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, 12/3171 Ending Work in process, 12/31/18 Material Purchases for 2018 (including $19.500 of indirect material) $ 25.000 36,400 311.200 $276,200 23,300 40,700 121,500 305, 100 Note: The pre-determined overhead rate is 0.84 (84%) of direct labor cost. Required: 1. Prepare a cost of Goods Manufactured report, 2. Prepare a Partial Income Statement if sales revenue was $1,340,000 and operating expenses were $255,000 for 2018 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 Year 2011 Beginning Raw Materials Inventory Plus Raw Material Purchases Les Indirect Matera Used Low Ending Raw Materiale inventory Direct Materials used in Production Direct Labor Applied Manufacturing Overhead Total Current Manufacturing Costs Plus Beginning Work in Process Inventory Les Ending Work in Process inventory Cost of Goods Manufactured 5 OOOO OO OO 36,400 306,100 322,000 40,700 281,300 276.200 232,008 789,500 111,200 121,500 779,208 IS S Required 2)