The following balances are from the accounts of tappan parts: jan 1 (beginning) dec 31 (ending)direct materials inventory $ 22,100 $ 24,500 work-in-process inventory 33,000 29,400finished goods inventory 5,700 6,900 direct materials used during the year amount to $45,900 and the cost of goods sold for the year was $52,600. required: prepare a cost of goods sold statement

Tappan Parts

Cost OF Goods Sold Statement

For the year Ending

Opening Inventory Materials                        $ 22,100

Add Purchases                                             $ 48,300

Less Ending Inventory                                 $ 24,500

Materials Used (given)                                  $ 45,900

Add Conversion Costs                                  $ 4,300

Total Manufacturing Costs                         $ 50,200

Add Opening Work In Process                   $ 33,000

Less Closing Work In Process                     $ 29,400

Cost Of goods Manufactured                     $ 53,800

Add Finished Goods Opening Inventory     $ 5,700

Cost of Goods Available for Sale                  $ 48,100

Less Finished Goods Inventory                     $ 6,900

Cost of Good sold                                           $ 52,600 (given)

As the Cost Of Goods Sold and Material Used are given we use these values to calculate the rest and do reverse operations

this conflict is person vs. society

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