Beginning Pinished 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 $24,500 of indirect material) $ 26,000 37,400 112,200 $ 277,200 24,300 41,200 122,500 306,100 Note: The pre-determined overhead rate is 0.94 (94%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1.440,000 and operating expenses were $305,000 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 2018 Beginning Raw Materials Inventory Plus: Raw Material Purchases Direct Materials Used In Production Total Current Manufacturing Costs Cost of Goods Manufactured 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 $24,500 of indirect material) $ 26,000 37,400 112,200 $ 277,200 24,300 41,200 122,500 306, 100 Note: The pre-determined overhead rate is 0.94 (94%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report 2. Prepare a Partial Income Statement if sales revenue was $1,440,000 and operating expenses were $305,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,440,000 and operating expenses were $305,000 for 2018 DAVENPORT COMPANY Income Statement For the Year 2018 Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations