Direct materials inventory Work-in-process inventory Finished goods inventory January 1 December (Beginning) (Ending) $ 97,900 $ 108,300 109,700 42,500 105,500 44,200 Direct materials purchased during the year amount to $513,300, and the cost of goods sold for the year was $1,875,000. Required: Prepare a cost of goods sold statement. Manufacturing costs: Direct materials: Materials available Direct materials used CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Total manufacturing costs. Total costs of work-in-process Cost of goods manufactured Finished goods available for sale Cost of goods sold