EX 2-42

The following balances are from the accounts of Crabtree Machining Company:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	99,200		$	110,600
Work-in-process inventory		109,200			107,700
Finished goods inventory		45,100			43,200

Direct materials purchased during the year amount to $516,200, and the cost of goods sold for the year was $1,880,000.

Required:

Prepare a cost of goods sold statement.