The following balances appear on the accounts of Greusel Fabrication:

$\backslash$table$[[,\backslash$table$[[$March $1],[($Beginning$)]],\backslash$table$[[$March $31],[($Ending$)]]],[$Direct materials inventory,$$42,000,$$$47,000],[$Work$-$in$-$process inventory,$68,000,72,200],[$Finished goods inventory,$48,500,44,200]]$

Direct materlals used during the month amount to $$531,000$ and the cost of goods sold for the month was $$1,496,000.$

Required:

Prepare a cost of goods sold statement.

$\backslash$table$[[$GREU SEL FABRICATION,,$],[$Cost of Goods Sold Statement,,$],[,,,],[$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,,,$],[,,,],[$Cost of goods sold,,,$]]$