Manufacturing costs for Davenport Company during 2018 were as follows: $ 25,300 36,700 111,500 276,500 Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 11 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 $21,000 of indirect material) 305,400 Note: The pre-determined overhead rate is 0.87 (87%) of direct labor cost. 23,600 40,850 121,800 Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,370,000 and operating expenses were $270,000 for the current year.

Manufacturing costs for Davenport Company during 2018 were as follows: $ 25,300 36,700 111,500 276,500 Beginning Finished Goods, January 1 Beginning Raw Materials, January 1 Beginning Work in Process, January 11 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 $21,000 of indirect material) 305,400 Note: The pre-determined overhead rate is 0.87 (87%) of direct labor cost. 23,600 40,850 121,800 Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,370,000 and operating expenses were $270,000 for the current year.

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Description: Please do not give solution in image format thanku Required 1 Required 2Prepare a Cost of Goods Manufactured report.Direct Materials Used in ProductionDAVENPORT COMPANYCost of Goods Manufactured ReportFor the Current YearTotal Current Manufacturing C

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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