The following balances are from the accounts of Tappan Direct materials used during the year amount to $46,000 and the cost of goods sold for lie year was $53.300. Required: Prepare a cost of goods sold statement. Show transcribed image text The following balances are from the accounts of Tappan Direct materials used during the year amount to $46,000 and the cost of goods sold for lie year was $53.300. Required: Prepare a cost of goods sold statement.
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