Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,800 32,500 5,300 VELEIVEI (Ending) $ 25,100 28,900 6,900 Direct materials used during the year amount to $46,300 and the cost of goods sold for the y Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory $ 32,500 Manufacturing costs: Direct materials: Purchases Beginning inventory 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 21,800 25,100 $ 48,300 28,900 5,300 Finished goods available for sale Less: Ending finished goods inventory 6,900 Cost of goods sold $ 52,800