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 $496,960 Purchases of direct materials 376,170 Freight-in on materials 7,690 Factory supplies used 17,080 Factory utilities 54,360 Commissions paid 78,990 Factory supervision and indirect labor 165,630 Advertising 145,580 Materials handling 17,270 203,820 117,990 39,070 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Direct materials inventory, January 1 Direct materials inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Required: 36,120 58,100 62,980 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: Materials available Direct materials used in production 1000 bu Manufacturing overhead: Total overhead costs Total manufacturing costs added O2000 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