Business, 01.02.2021 23:30 jennkoga

Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 24,600 Beginning Raw Materials, 1/1/18 36,000 Beginning Work in Process, 1/1/18 110,800 Direct Labor for 2018 $ 275,800 Ending Finished Goods, 12/31/18 22,900 Ending Raw Materials, 12/31/18 40,500 Ending Work in Process, 12/31/18 121,100 Material Purchases for 2018 304,700 (including $17,500 of indirect material) Note: The pre-determined overhead rate is 0.80 (80%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,300,000 and operating expenses were $235,000 for 2018.

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Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1...

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