Solution-Prepare statements for a manufacturing company

Problem

Prepare Statements for a Manufacturing Company

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

Direct materials purchased during the year amount to $514,700, and the cost of goods sold for the year was $1,860,000.

Required:

Prepare a cost of goods sold statement. (Input all amounts as positive values. Omit the "tiny_mce_markerquot; sign in your response.)

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