The following batances are from the accounts of Tappan Parts January 1 Decor (Beginning) (Ending Direct materials inventory 522000 3 25.300 Work in process Inventory 32.500 29.100 Finished goods inventory 5,000 7100 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was 803,100 u Cast of goods sold for the year was $53,100 Required: Prepare a cost of goods sold statement For the Year como Beginning work-in-process inventory Manufacturing costs Direct materials Beginning inventory Purchases 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 The following balances are from the accounts of Tappan Parts January 1 December 31 (Beginning) (Ending) Direct materials inventory $ 22.000 $ 25,300 Work-in-process inventory 32 500 29,100 Finished goods inventory 5,000 7.100 Direct materials used during the year amount to $46,500 and the cost of goods sold for the year was $53,100 Required: Prepare a cost of goods sold statement Required: Prepare a cost of goods sold statement to col Solid Statement For the Year Ended December 31 Beginning work-in-process inventory Manufacturing costs Direct materials Beginning inventory Purchases 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