The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,400		$	25,200
Work-in-process inventory		32,800			29,000
Finished goods inventory		5,400			7,300

Direct materials used during the year amount to $45,800 and the cost of goods sold for the year was $52,900.

Required:

Prepare a cost of goods sold statement