he following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,300		$	24,700
Work-in-process inventory		32,900			29,300
Finished goods inventory		5,200			7,500

Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,100.

Required:

Prepare a cost of goods sold statement.