(Answered) Question - the following balances are from the accounts of

Accounting

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.

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