Business, 20.03.2020 10:21, lorenzo1beaton

Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 25,200 Beginning Raw Materials, 1/1/18 36,600 Beginning Work in Process, 1/1/18 111,400 Direct Labor for 2018 276,400 Ending Finished Goods, 12/31/18 23,500 Ending Raw Materials, 12/31/18 40,800 Ending Work in Process, 12/31/18 121,700 Material Purchases for 2018 305,300 (including $20,500 of indirect material) Required: 1. Compute direct material used. 2. Compute applied overhead if the company applies overhead at a rate of 0.86 (86%) of direct labor cost. 3. Compute total manufacturing cost. 4. Compute cost of goods manufactured. 5. Compute cost of goods sold.

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