Homework 2-2 2 25 points eBook Print The following balances (in thousands of dollars) are from the accounts of Birwood Furniture: Direct materials inventory work-in-process inventory Pinished goods inventory January 1 (Beginning) (5000) December 31 (Ending) (5000) $ 912 1,354 $ 984 1,530 339 464 Direct materials used during the year amount to $3,096,000 and the cost of goods sold for the year was $3,278,000. Required: Prepare a cost of goods sold statement Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234). BIRWOOD FURNITURE Cost of Goods Bold Statement For the Year Ended December 31 References Manufacturing costs Direct materials Materials available Direct materials used Total manufacturing costs Total costs of work-in-process Cost of goods manufactured Finished goods available for sale (5000)