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please help, thank you E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] Manufacturing costs for Davenport Company during 2018 were as

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E2-10 (Algo) Preparing Cost of Goods Manufactured and Income Statement [LO 2-6] 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 $19, see of indirect material) $ 25,000 36,400 111,200 $ 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 Required 1 Required 2 Prepare a Cost of Goods Manufactured report. $ 36,400 305,100 DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Beginning Raw Materials Inventory Plus: Raw Material Purchases | Less: 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 Required 2 > Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,340,000 and operating expenses were $255,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 Sales Revenue Less Cost of Goods Sold Beginning Finished Goods Inventory 25.000 Plus Costs of Goods Manufactured Cost of Goods Available for Sale Less Ending Finished Goods Inventory 23,300 Cost of Goods Sold Gross Profit Less Operating (Period) Expenses Net Income from Operations

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