Exercise 2-40 (Algo) Prepare Statements for a Manufacturing Company (LO 2-2, 4) The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the year amount to $532,000 and the cost of goods sold for the year was $1,506,000. Required: Prepare a cost of goods sold statement. GREUSEL FABRICATION Cost of Goods Sold Statement For the Month Ended March 31