Cost of Goods Manufactur and Sold 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 $496,170 375,560 7,250 Factory supplies used 18,030 Factory utilities 52,210 Commissions paid 78,533 Factory supervision and indirect labor 165,470 Advertising 144,600 Materials handling 16,580 Work-in-process inventory. January 1 Chapter 2 Homework assignment take frame Work-in-process inventory, December 31 202,730 118,520 Direct materials inventory, January 1 37,750 Direct materials inventory, December 31 36,660 Finished goods inventory, January 1 61,180 Finished goods inventory, December 31 61,980