4 4 points eBook Print References Exercise 2-42 (Algo) Prepare Statements for a Manufacturing Company (LO 2-2, 4) 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) $ 97,600 $ 111,900 107,500 43,300 104,300 44,500 Direct materials purchased during the year amount to $517,500, and the cost of goods sold for the year was $1,895,000. Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Mc Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs Direct materials Beginning work-in-process inventory 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 $ 0 0 $ $ 0 $ 0 S 0