The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) Direct...

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The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) Direct materials inventory Work-in-process inventory Finished goods inventory (Ending)) $ 21,800 $25,100 32,200 29,300 5,300 7,400 Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,000 Required: Prepare a cost of goods sold statement. Answer is not complete. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory 32,200 Manufacturing costs Direct materials: Beginning inventory Purchases Materials available Less: Ending inventory Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) Direct materials inventory Work-in-process inventory Finished goods inventory (Ending)) $ 21,800 $25,100 32,200 29,300 5,300 7,400 Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,000 Required: Prepare a cost of goods sold statement. Answer is not complete. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory 32,200 Manufacturing costs Direct materials: Beginning inventory Purchases Materials available Less: Ending inventory Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold