The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) $22,000 $24,80 Direct materials inventory Work-in-process inventory Finished goods inventory 32,400 28,800 5,600 6,800 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,200. Required: Prepare a cost of goods sold statement. TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs Direct materials 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