The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,500		$	25,200
Work-in-process inventory		32,100			29,000
Finished goods inventory		5,300			6,700

Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $52,900.

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