The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	22,100		$	25,200
Work-in-process inventory		32,600			28,600
Finished goods inventory		5,400			7,100

Direct materials used during the year amount to $46,000 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 Prev TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Prev