The following balances are from the accounts of Tappan Parts:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	21,700		$	25,300
Work-in-process inventory		32,800			28,700
Finished goods inventory		5,700			6,900

Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $53,400.

Required:

Prepare a cost of goods sold statement.

this is what I have so far but i'm not sure on it. please help

32,800 TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs: Direct materials: Beginning inventory 21,700 Purchases 50,000 Materials available $ 71,700 Less: Ending inventory (25,300): Direct materials used Other manufacturing costs Total manufacturing costs Total costs of work-in-process Less: Ending work-in-process Cost of goods manufactured Beginning finished goods inventory Finished goods available for sale Less: Ending finished goods inventory Cost of goods sold $ 46,400