Exercise 2-31 Prepare Statements for a Manufacturing Company (L.O. 2, 4)

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

	January 1 (Beginning)	December 31 (Ending)
Direct materials inventory	$	98,900		$	110,500
Work-in-process inventory		109,100			104,300
Finished goods inventory		42,500			43,400

Direct materials purchased during the year amount to $514,700, and the cost of goods sold for the year was $1,860,000.

Required:

Prepare a cost of goods sold statement.(Input all amounts as positive values. Omit the "$" sign in your response.)

Secol Machining Company Cost of Goods Sold Statement For the Year Ended December 31
(Click to select)Direct materials usedCost of goods manufacturedPurchasesBeginning work in process inventoryBeginning inventory			$
Manufacturing costs:
Direct materials:
(Click to select)Materials availableBeginning inventoryCost of goods manufacturedDirect materials usedPurchases	$
(Click to select)Cost of goods manufacturedPurchasesMaterials availableDirect materials usedBeginning inventory
(Click to select)Materials availableBeginning inventoryDirect materials usedPurchasesCost of goods manufactured
(Click to select)Beginning inventoryAdd ending work in processLess ending work in processAdd ending inventoryLess ending inventory
(Click to select)Beginning inventoryDirect materials usedPurchasesCost of goods manufacturedMaterials available		$
(Click to select)Less ending inventoryOther manufacturing costsFinished goods available for saleLess ending work in processAdd ending work in process
Total manufacturing costs
Total costs of work in process			$
(Click to select)Less ending work in processAdd ending inventoryBeginning inventoryLess ending inventoryAdd ending work in process
(Click to select)Direct materials usedBeginning inventoryMaterials availableCost of goods manufacturedPurchases			$
(Click to select)Ending finished goods inventoryCost of goods manufacturedBeginning inventoryBeginning finished goods inventoryDirect materials used
(Click to select)Less ending inventoryLess ending work in processOther manufacturing costsAdd ending work in processFinished goods available for sale			$
(Click to select)Ending finished goods inventoryBeginning inventoryDirect materials usedCost of goods manufacturedBeginning finished goods inventory
(Click to select)Cost of goods manufacturedDirect materials usedCost of goods soldBeginning inventoryPurchases			$