4 The following balances are from the accounts of Tappan Parts 3 its Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 22,100 32, eee 5,200 December 31 (Ending) $ 25, 200 29,300 7.480 eBook ferences Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement 4 32,000 8.33 points eBook References For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: Purchases Beginning inventory 22,100 Materials available Less: Ending inventory Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less: Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold 46,400 Mc Graw Hill ca