Exercise 2-40 Prepare Statements for a Manufacturing Company (LO 2-2, 4)

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

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	97,300		$	109,400
Work-in-process inventory		108,400			107,200
Finished goods inventory		43,000			46,300

Direct materials purchased during the year amount to $513,200, and the cost of goods sold for the year was $1,875,000.

Required:

Prepare a cost of goods sold statement.