Direct materials inventory Work-in-process inventory Finished goods inventory July 1 (Beginning) $ 76,800 69,600 78,000 September 30 (Ending) $ 94,400 37,200 72,000 Direct materials purchased during the quarter amount to $480,000, and the cost of goods sold for the quarter was $1,740,000. Required: Prepare a cost of goods sold statement. Manufacturing costs: Direct materials: SANTA MARIA PARTS Cost of Goods Sold Statement For the Quarter Ended September 30 Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Finished goods available for sale $ 0 $ 0 0 $ 0 $ 0 $ 0