The following balances appear on the accounts of Greusel Fabrication: March 1 (Beginning) $ 56,000 March 31 (Ending) $ 61,000 86,200 82,000 62,500 58,200 Direct materials used during the month amount to $545,000 and the cost of goods sold for the month was $1,636,000. Direct materials inventory Work-in-process inventory Finished goods inventory Required: Prepare a cost of goods sold statement. K

The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to $545,000 and the cost of goods sold for the month was $1,636,000. Required: Prepare a cost of goods sold statement