Cost of Goods Manufactured and sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: Direct labor cost $495,490 Purchases of direct materials 377,940 Freight-in on materials 7,100 Factory supplies used 17,770 Factory utilities 54,900 Commissions paid 78,144 Factory supervision and indirect labor 166,830 Advertising 144,520 Materials handling 16,710 Work-in-process inventory, January 1 202,960 Work-in-process inventory, December 31 118,280 Direct materials inventory, January 1 36,390 Direct materials inventory, December 31 32,680 Finished goods inventory, January 1 60,690 Finished goods inventory, December 31 62,960 1. Prepare a cost of goods manufactured statement. Anglin Company Statement of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: $ Materials available $ Direct materials used in production $ Manufacturing overhead: $ Total overhead costs A Total manufacturing costs added Cost of goods manufactured $ 2. Prepare a cost of goods sold statement. Anglin Company Statement of Cost of Goods Sold For the Year Ended December 31 Cost of goods sold