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 $495,230 377,980 Freight-in on materials 7,540 Factory supplies used 17,760 Factory utilities 55,120 Commissions paid 79,077 Factory supervision and indirect labor 162,800 Advertising 146.720 Materials handling 16,980 Work-in-process inventory, January 1 200,840 Work-in-process inventory, December 31 117,780 Direct materials inventory, January 11 37,650 Direct materials inventory, December 31 33,290 Finished goods inventory, January 1 59,210 Finished goods inventory, December 31 63,990 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 Manufacturing overhead: Total overhead costs 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