The following balances are from the accounts of Tappan Parts: January 1 December 31 Direct materials inventory Work-in-process inventory Finished goods inventory (Beginning)(Ending) 22,000$ 24,900 28,700 7,400 32,300 5,600 Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $53,100. 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 used Total manufacturing costs 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 O Type here to search