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	$496,050
Purchases of direct materials	378,500
Freight-in on materials	7,040
Factory supplies used	18,290
Factory utilities	54,520
Commissions paid	79,799
Factory supervision and indirect labor	165,730
Advertising	146,180
Materials handling	17,400
Work-in-process inventory, January 1	201,360
Work-in-process inventory, December 31	118,880
Direct materials inventory, January 1	35,340
Direct materials inventory, December 31	34,880
Finished goods inventory, January 1	61,300
Finished goods inventory, December 31	62,270

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:
Beginning inventoryDirect laborFactory supervision and indirect laborFactory suppliesMaterials handling	$- Select -
Add: Cost of goods manufacturedAdd: Direct laborAdd: Factory supervision and indirect laborAdd: Materials handlingAdd: Purchases	- Select -
Add: Beginning inventoryAdd: Ending inventoryAdd: Factory suppliesAdd: Factory utilitiesAdd: Freight-in on materials	- Select -
Materials available	$fill in the blank
Less: Ending inventoryLess: Ending work in processLess: Factory supervision and indirect laborLess: Factory suppliesLess: Factory utilities	- Select -
Direct materials used in production		$fill in the blank
Beginning inventoryBeginning work in processCost of goods manufacturedDirect laborFactory supervision and indirect labor		- Select -
Manufacturing overhead:
Beginning inventoryDirect laborFactory suppliesFreight-in on materialsPurchases	$- Select -
Beginning inventoryBeginning work in processDirect laborFactory utilitiesPurchases	- Select -
Beginning inventoryBeginning work in processDirect laborFactory supervision and indirect laborFreight-in on materials	- Select -
Beginning inventoryDirect laborEnding work in processFreight-in on materialsMaterials handling	- Select -
Total overhead costs		fill in the blank
Total manufacturing costs added		$fill in the blank
Add: Beginning inventoryAdd: Beginning work in processAdd: Factory supervision and indirect laborAdd: Factory suppliesAdd: Purchases		- Select -
Less: Beginning inventoryLess: Beginning work in processLess: Ending inventoryLess: Ending work in processLess: Purchases		- Select -
Cost of goods manufactured		$fill in the blank

2. Prepare a cost of goods sold statement.

Anglin Company Statement of Cost of Goods Sold For the Year Ended December 31

Beginning finished goods inventoryCost of goods available for saleCost of goods manufacturedCost of goods soldEnding finished goods inventory	$- Select -
Add: Beginning finished goods inventoryAdd: Cost of goods available for saleAdd: Cost of goods manufacturedAdd: Cost of goods soldAdd: Ending finished goods inventory	- Select -
Beginning finished goods inventoryCost of goods available for saleCost of goods manufacturedCost of goods soldEnding finished goods inventory	$- Select -
Less: Beginning finished goods inventoryLess: Cost of goods available for saleLess: Cost of goods manufacturedLess: Cost of goods soldLess: Ending finished goods inventory	- Select -
Cost of goods sold	$fill in the blank