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2 ts eBook The following balances are from the accounts of Crabtree Machining Company: Direct materials inventory Work-in-process inventory Finished goods inventory January 1

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2 ts eBook The following balances are from the accounts of Crabtree Machining Company: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 December 31 (Beginning) (Ending) $ 97,900 $ 111,600 109,900 43,100 104,200 46,600 Direct materials purchased during the year amount to $517,200, and the cost of goods sold for the year was $1,890,000. Required: Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct materials used Total manufacturing te $ S 0

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