2 The following balances are from the accounts of Tappan Parts: 2.5 points Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,700 32,800 5,600 December 31 (Ending) $ 25,400 29,300 6,800 eBook Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $52,700. Required: Prepare a cost of goods sold statement. Print 0 References TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials: Materials available Direct materials used Total manufacturing costs Total costs of work in process Cost of goods manufactured Finished goods available for sale Cost of goods sold