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The following balances are from the accounts of Secol Machining Company: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 98,600 $ 111,200 Work-in-process

The following balances are from the accounts of Secol Machining Company:

January 1 (Beginning) December 31 (Ending)
Direct materials inventory $ 98,600 $ 111,200
Work-in-process inventory 108,800 105,900
Finished goods inventory 45,600 46,900


Direct materials purchased during the year amount to $515,100, and the cost of goods sold for the year was $1,865,000.


Required:
Prepare a cost of goods sold statement.(Input all amounts as positive values. Omit the "$" sign in your response.)
Secol Machining Company
Cost of Goods Sold Statement
For the Year Ended December 31
$
Manufacturing costs:
Direct materials:
$


$

Total manufacturing costs

Total costs of work in process $

$

$

$




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