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 $494,700 377,770 Freight-in on materials 7,170 Factory supplies used 18,550 Factory utilities 53,530 Commissions paid 78,418 Factory supervision and indirect labor 164,740 Advertising 144,450 Materials handling 15,880 Work-in-process inventory, January 1 201,120 Work-in-process inventory, December 31 116,480 Direct materials inventory, January 1 37,490 Direct materials inventory, December 31 37,060 Finished goods inventory, January 1 60,000 Finished goods inventory, December 31 61,550