Cinnabar Company has provided the following data concerning its operations for the year ended December 31, 20A:

Required
Prepare the cost of goods sold statement.

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$24,000 30,000 70,000 14,000 1,100,000 38,400 108,000 4,200 16,000 1,000 22,400 2,000,000 525,000 273,500 47,500 500,000 450,000 170,000 37,500 180,000 2,500 19,400 8,400 4,800 84,000 17,500 100,000 1,500 400,000 20,000 2,200 1,300 Raw materials on hand, December 31 Work in process, December 31 Finished goods, December 31 Factory supplies on hand, December 31 Factory maintenance Administrative salaries....a.... Discounts on raw materials purchases.. Delivery expenses.. Interest income... Factory supplies used Common stock ($10 par value).. Retained earnings. Trade accounts payable Accumulated depreciation-factory building and equipment. Building and equipment Cash.... Finished goods, January 1, 20A Direct labor... Bad debt expense Insurance expired-factory building and equipment.... Work in process, January 1, 20A. Depreciation factory building and equipment. Factory superintendence Interest expense. Indirect factory labor Sales returns Sales discounts..