Question 2 (of 5) 2.00 polnts The following balances are from the accounts of Tappan Parts Direct materials inventory Work-in-process inventory Finished goods inventory 21,600 32,300 24,800 28,500 6,900 5,700 Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $52,600 Required: Prepare a cost of goods sold statement APPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory S 32,300 DELL L032-LLK-1307 F1 FS F8 4 5 Q W E S D F G H Zmbra Web Clents Pittsburg State Unive Macro Research proj' Topic: Discunsaon Poi E] Abla Mlerni milmato nal HR 1n year was 552,600 Required Prepare a cost of goods sold statement Beginning work in-process inventory S 32 300 Direct materials Beginning inventory S 21 1,000 Materials available Less: Ending inventory Direct materials 24,800 S 46,200 Total manufacturing costs Total costs of work-in-process S82,300 8,500 Less: Ending work-in-process Cost of goods manufactured finished goods inventory 5,700 5 59.500 Finished goods available for sale Cost of goods sold 65 032-LLK F10 F8 FS 4 Q W E R T Y VB N M