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 $494,390 378,880 Freight-in on materials 7,350 Factory supplies used 17,100 Factory utilities 53,210 Commissions paid 79,013 Factory supervision and indirect labor 162,430 Advertising 145,710 Materials handling 16,560 Work-in-process inventory, January 1 200,580 Work-in-process inventory, December 31 119,000 Direct materials inventory, January 11 39,880 Direct materials inventory, December 31 34,790 Finished goods inventory, January 1 58,260 Finished goods inventory, December 31 63,290