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

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Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 1 Direct Labor for the current year Ending Finished Goods, December 31 Ending Raw Materials, December 31 Ending Work in Process, December 31 Material Purchases for the current year (including $17,500 of indirect material) $ 24,600 36,000 110,800 275,800 22,900 40,500 121,100 304,700 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 the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,300,000 and operating expenses were $235,000 for the current year. Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations DAVENPORT COMPANY Income Statement For the Current Year $ 1,300,000 < Required 1 Required 2 > Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 1 Direct Labor for the current year Ending Finished Goods, December 31 Ending Raw Materials, December 31 Ending Work in Process, December 31 Material Purchases for the current year (including $17,500 of indirect material) $ 24,600 36,000 110,800 275,800 22,900 40,500 121,100 304,700 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 the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,300,000 and operating expenses were $235,000 for the current year. Less: Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Sold Net Income from Operations DAVENPORT COMPANY Income Statement For the Current Year $ 1,300,000 < Required 1 Required 2 >