The following balances are from the accounts of Santa Maria Parts: July 1 (Beginning) September 30 (Ending) Direct materials inventory $ 79,800 $ 97,400 Work-in-process inventory 72,600 40,200 Finished goods inventory 81,000 75,000 Direct materials purchased during the quarter amount to $510,000, and the cost of goods sold for the quarter was $1,770,000. Required: Prepare a cost of goods sold statement. quizlet