Homework answers / question archive / The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materiale inventory $ 99,800 $ 111,600 Work-in-process inventory 100,300 104,700 Finished goods inventory 43,900 46,600 Direct materials purchased during the year amount to $518,200, and the cost of goods sold for the year was $1,900,000

The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materiale inventory $ 99,800 $ 111,600 Work-in-process inventory 100,300 104,700 Finished goods inventory 43,900 46,600 Direct materials purchased during the year amount to $518,200, and the cost of goods sold for the year was $1,900,000

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The following balances are from the accounts of Crabtree Machining Company January 1 December 31 (Beginning) (Ending) Direct materiale inventory $ 99,800 $ 111,600 Work-in-process inventory 100,300 104,700 Finished goods inventory 43,900 46,600 Direct materials purchased during the year amount to $518,200, and the cost of goods sold for the year was $1,900,000. Required: Prepare a cost of goods sold statement CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Manufacturing costs: Direct materials: Materials available Direct materials used Total manufacturing costs Total costs of work in process Cost of goods manufactured Finished goods available for sale Cost of goods sold EL Nevt