The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) Direct materials inventory Work-in-process inventory Finished goods inventory $ 22,200 $ 24,700 32,700 5,800 28,600 6,800 Direct materials used during the year amount to $46,300 and the cost of goods sold for the year was $53,400. Required: Prepare a cost of goods sold statement. Manufacturing costs: Direct materials: TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 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