The following balances appear on the accounts of Greusel Fabrication: March 1 (Beginning) March 31 (Ending) $ 54,000 Direct materials inventory Work-in-process inventory Finished goods inventory $ 49,000 75,000 55,500 79,200 51,200 Direct materials used during the month amount to $538,000 and the cost of goods sold for the month was $1,566,000. Required: Prepare a 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 GREUSEL FABRICATION Cost of Goods Sold Statement For the Month Ended March 31

The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to $538,000 and the cost of goods sold for the month was $1,566,000. Required: Prepare a cost of goods sold statement. The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to $538,000 and the cost of goods sold for the month was $1,566,000. Required: Prepare a cost of goods sold statement