The following balances are from the accounts of Hill Components:

Direct materials used during the year amount to $59,800, and the cost of goods sold for the year was $68,900.

Required
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during theyear.

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January 1 (Beginning) December 31 (Ending) $44,200 71,500 18,200 Direct materials inventory Work-in-process inventory Finished goods inventory $48,100 67,730 15,600