Q2Q4

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 month amount to $542,000 and the cost of goods sold for the month was $1,606,000. Required: Prepare a cost of goods sold statement. Required: Prepare a cost of goods sold statement