Reference no: EM132988535

Manufacturing costs for Davenport Company during 2018 were as follows:

Beginning Finished Goods, 1/1/18$25,000

Beginning Raw Materials, 1/1/18 36,400

Beginning Work in Process, 1/1/18 111,200

Direct Labor for 2018 276,200

Ending Finished Goods, 12/31/18 23,300

Ending Raw Materials, 12/31/18 40,700

Ending Work in Process, 12/31/18 121,500

Material Purchases for 2018 305,100(including $19,500 of indirect material)

Required:

Question 1. Compute direct material used.

Question 2. Compute applied overhead if the company applies overhead at a rate of 0.84 (84%) of direct labor cost.

Question 3. Compute total manufacturing cost.

Question 4. Compute cost of goods manufactured.

Question 5. Compute cost of goods sold.