he following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,100		$	25,400
Work-in-process inventory		32,700			28,900
Finished goods inventory		5,100			7,300

Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,100.

Required:

Prepare a cost of goods sold statement. Please put in the amount and explain how each answer was calculated.

BEGINNING WORK IN PROCESS INVENTORY

MANUFACTURING COSTS

DIRECT MATERIALS

BEGINNING INVENTORY

PURCHASES

MATERIALS AVAILABLE

LESS: ENDING INVENTORY

DIRECT MATERIALS USED

OTHER MANUFACTURING COSTS

TOTAL MANUFACTURING COSTS

TOTAL COSTS OF WORK IN PROCESS

LESS: ENDING WORK IN PROCESS

COSTS OF GOOD MANUFACTURED

ADD: BEGINNING FINISHED GOODS INVENTORY

FINISHED GOODS AVAILABLE FOR SALE

LESS: ENDING FINISHED GOODS INVENTORY

COSTS OF GOODS SOLD