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Manufacturing costs for Davenport Company during 2018 were as follows: ...

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Accounting

Manufacturing costs for Davenport Company during 2018 were as follows:
Beginning Finished Goods, 1/1/18 $ 24,100
Beginning Raw Materials, 1/1/1835,500
Beginning Work in Process, 1/1/18110,300
Direct Labor for 2018275,300
Ending Finished Goods, 12/31/1822,400
Ending Raw Materials, 12/31/1840,250
Ending Work in Process, 12/31/18120,600
Material Purchases for 2018304,200
(including $15,000 of indirect material)
Required:
1. Compute direct material used.
2. Compute applied overhead if the company applies overhead at a rate of 0.75(75%) 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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