The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,400		$	25,400
Work-in-process inventory		32,800			28,800
Finished goods inventory		5,400			6,700

Direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $53,400.

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