The following balances are from the accounts of Crabtree Machining Company: January 1 December 31 Direct materials inventory Work-in-process inventory Finished goods inventory (Beginning) (Ending) $ 98,600 S 109,900 105,900 43,600 108,700 44,800 Direct materials purchased during the year amount to $513,100, and the cost of goods sold for the year was $1,850,000 Required Prepare a cost of goods sold statement. CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 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