The following balances appear on the accounts of Greusel Fabrication: March 1 (Beginning) March 31 (Ending) Direct materials inventory $ 46,000 $ 51,000 Work-in-process inventory 72,000 76,200 Finished goods inventory 52,500 48,200 Direct materials used during the month amount to $535,000 and the cost of goods sold for the month was $1,536,000. Required: Prepare a cost of goods sold statement