Business, 11.02.2020 17:22 pauliavargas4184

Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 $ 25,800 Beginning Raw Materials, 1/1/18 37,200 Beginning Work in Process, 1/1/18 112,000 Direct Labor for 2018 277,000 Ending Finished Goods, 12/31/18 24,100 Ending Raw Materials, 12/31/18 41,100 Ending Work in Process, 12/31/18 122,300 Material Purchases for 2018 305,900 (including $23,500 of indirect material)

Required:
1. Compute direct material used.
2. Compute applied overhead if the company applies overhead at a rate of 0.92 (92%) of direct labor cost.
3. Compute total manufacturing cost.
4. Compute cost of goods manufactured.
5. Compute cost of goods sold.

Answers: 2

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