2 i Saved Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) December 31 (Ending) $ 22,500 $ 24,700 32,300 29,400 5,600 6,700 Direct materials used during the year amount to $46,200 and the cost of goods sold for the Required: Prepare a cost of goods sold statement. Manufacturing costs: Direct materials: Materials available Direct materials used TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31