Chapter 2 Homework eBook Cost of Goods Manufactured and Sold $494,690 378,770 Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost Purchases of direct materials Freight-in on materials 7,780 Factory supplies used 17,810 Factory utilities 53,790 Commissions paid 78,456 Factory supervision and indirect labor 165,420 Advertising 145,500 > Materials handling 17,680 Work-in-process inventory, January 1 203,580 Work-in-process inventory, December 31 117,440 Direct materials inventory, January 1 39,240 Direct materials inventory, December 31 34,620 Finished goods inventory, January 1 60,340 Finished goods inventory, December 31 62,140 Required: 1. Prepare a cost of goods manufactured statement. Anglin Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Check My Work 1 more Check My Work uses remaining. Assignment Score: 64.46% All work saved. Save and Exit CO Previous Next > Submit Assignment for Grading Chapter 2 Homework > Direct materials: Materials available Direct materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs added Cost of goods manufactured eBook 2. Prepare a cost of goods sold statement. Anglin Company Statement of Cost of Goods Sold For the Year Ended December 31 Check My Work 1 more Check My Work uses remaining. Assignment Score: 64.46% All work saved. Save and Exit Previous CO Next > Submit Assignment for Grading