Manufacturing costs for Davenport Company during 2018 were

Manufacturing costs for Davenport Company during 2018 were as follows:

Beginning Finished Goods, 1/1/18 ................................. $25,600
Beginning Raw Materials, 1/1/18 ...................................... 37,000
Beginning Work in Process, 1/1/18 ................................ 111,800
Direct Labor for 2018 .................................................... $276,800
Ending Finished Goods, 12/31/18 ................................... 23,900
Ending Raw Materials, 12/31/18 ..................................... 41,000
Ending Work in Process, 12/31/18 ................................ 122,100

Material Purchases for 2018 (including $15,000 of indirect material) 305,700

Required:

1. Compute direct material used.

2. Compute applied overhead if the company applies overhead at a rate of 0.90 (90%) of direct labor cost.

3. Compute total manufacturing cost.

4. Compute the cost of goods manufactured.

5. Compute the cost of goods sold.


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