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S 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
S 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 $22,000 of indirect material) $ 25,500 36,900 111,700 $276,700 23,800 40,950 122,000 305,600 Note: The pre-determined overhead rate is 0.89 (89%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,390,000 and operating expenses were $280,000 for 2018. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,390,000 and operating expenses were $280,000 for 2018. Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,390,000 and operating expenses were $280,000 for 2018. DAVENPORT COMPANY Income Statement Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Plus: Costs of Goods Manufactured Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Cost of Goods Sold Gross Profit Less: Operating (Period) Expenses Net Income from Operations For the Year 2018 Required 1 Requir Required: es 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,390,000 and operating expenses were $280,000 for 2018. Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used For the Year 2018 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 Mc Craw Required 2 >
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