The following balances appear on the accounts of Greusel Fabrication: March 1 (Beginning) Direct materials inventory $ 39,000 65,000 45,500 Work-in-process inventory Finished goods inventory March 31 (Ending) $ 44,000 69,200 41,200 Direct materials used during the year amount to $528,000 and the cost of goods sold for the year was $1,466,000. Required: Prepare a cost of goods sold statement. GREUSEL 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 For the Month Ended March 31 < Prev 2 of 4 Next >