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Prepare a cost of goods sold statement

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Question - The following balances are from the accounts of Tappan Parts:

 

January 1 (beginning)

December 31 (Ending)

Direct materials inventory

$22,400

$25,500

Work-in-process inventory

32,600

29,000

Finished goods inventory

5,500

6,800

Direct materials used during the year amount to $46,100 and the cost of goods sold for the year was $52,800.

Required - Prepare a cost of goods sold statement.

Reference no: EM131894095

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