apter 02 Homework Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 21,700 32,100 5,400 December 31 (Ending) $ 24,600 29, 300 7,200 Direct materials used during the year amount to $45,800 and the cost of goods sold for the year was $52,800. Required: Prepare a cost of goods sold statement eBook TAPPAN PARTS Cost of Goods Sold Statement For the Year Ended December 31 erences Manufacturing costs: Direct materials: Materials available Direct materials used Total manufacturing costs Total costs of work-in-process LO Cost of goods manufactured Finished goods available for sale Cost of goods sold Nov