Check my work 1 The following balances are from the accounts of Crabtree Machining Company: 25 points Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 99,900 109,400 43,600 December 31 (Ending) $ 111,100 104,900 43,500 00:58:26 Direct materials purchased during the year amount to $515,700, and the cost of goods sold for the year was $1,885,000. eBook 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 $ 0 Direct materials used $ 0 0 Total manufacturing costs Total costs of work-in-process $ 0 Cost of goods manufactured $ 0 Finished goods available for sale $ 0 Cost of goods sold $ 0