The following balance are from the accounts of Tappan Parts: January December 3 (Beginning) (Ending) 24,700 22,200 Direct materials inventory 32,400 29,200 Work-in-process inventory 7.100 5,500 Finished goods inventory Direct materials used during the year amount to $45,500 and the cost of goods sold for the year was $52,800. Required Prepare a cost of goods sold statement. Cost of Goods Sold Statement