The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	21,800		$	25,200
Work-in-process inventory		32,300			29,200
Finished goods inventory		5,000			7,100

Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $52,600.

Required:

Prepare a cost of goods sold statement.