The following balances are from the accounts of Tappan Parts: January 1 December 31 (Beginning) (Ending) $ 25,000 $ 22,100 Direct materials inventory Work-in-process inventory Finished goods inventory 32,800 5,100 29,500 7,500 Direct materials used during the year amount to $46,200 and the cost of goods sold for the year was $52,700. Required: Prepare a cost of goods sold statement. Manufacturing costs: Direct materials: TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 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