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 Purchases of direct materials Freight-in on materials $493,620 376,240 7,850 Factory supplies used 17,960 Factory utilities 54,360 Commissions paid 79,717 Factory supervision and indirect labor 162,060 Advertising 144,120 Materials handling 16,790 Work-in-process inventory, January 1 203,120 Work-in-process inventory, December 31 116,990 Direct materials inventory, January 1 36,570 Direct materials inventory, December 31 36,030 Finished goods inventory, January 1 58,440 Finished goods inventory, December 31 62,160 Required: 1. Prepare a cost of goods manufactured statement. Anglin Company Statement of Cost of Goods Manufactured eBook Show Me How 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 0000 Direct materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs added Cost of goods manufactured 2. Prepare a cost of goods sold statement. 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