Question: please include explanations :) The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the year amount to $538,000 and the

please include explanations :)

The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the year amount to $538,000 and the cost of goods sold for the year was $1,566,000. Required: Prepare a cost of goods sold statement

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