The following balances are from the accounts of Tappan Parts:

Direct materials used during the year amount to $1,196,000 and the cost of goods sold for the year was $1,378,000.
Required
Find the following by completing a cost of goods sold statement:
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during the year.

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January 1 (Beginning) Deember 31 (Ending) Direct materials inventory Work-in-process inventory.. Finished goods inventory $ 962,000 1,354,000 312,000 $ 884,000 1,430,000 364,000 ..