The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,000		$	25,000
Work-in-process inventory		32,300			28,800
Finished goods inventory		5,400			7,000

Direct materials used during the year amount to $45,700 and the cost of goods sold for the year was $53,000.

I'm confused by this? This is a cost if goods schedule

Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Required: Compute the amounts for each of the following assuming that both production levels are within the relevant range. (Do not round intermediate calculations. Round your answers to 2 decimal places.)