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The following balances are from the accounts of Crabtree Machining Company:

	January 1 (Beginning)			December 31 (Ending)
Direct materials inventory	$	98,500		$	110,700
Work-in-process inventory		107,200			105,100
Finished goods inventory		43,100			46,400

Direct materials purchased during the year amount to $513,400, and the cost of goods sold for the year was $1,870,000.

Required:

Prepare a cost of goods sold statement.

CRABTREE MACHINING COMPANY Cost of Goods Sold Statement For the Year Ended December 31 Beginning work-in-process inventory $107,200 Manufacturing costs: Direct materials: Beginning inventory $98,500 Purchases 513,400 Materials available $611,900 Less: Ending inventory 110,700 Direct materials used $501,200 Other manufacturing costs Total manufacturing costs 501,200 Total costs of work-in-process $608,400 Less: Ending work-in-process 105,100 Cost of goods manufactured $503,300 Beginning finished goods inventory 43,100 Finished goods available for sale $546,400 Less: Ending finished goods inventory 46,400 Cost of goods sold $500,000

************I HAVE FIGURED OUT EVERY NUMBER BESIDES THE OTHER MANUFACTURING COST!!!! HOW DO I FIGURE OUT THAT NUMBER???????????????????? ONCE I FIGURE OUT THAT NUMBER IT WILL CHANGE THE OTHER NUMBERS, SO THE PROBLEM WILL BE CORRECT.

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