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 $495,030 Purchases of direct materials 379,330 Freight-in on materials 7,760 Factory supplies used 17,460 Factory utilities 55,890 Commissions paid 79,040 Factory supervision and indirect labor 162,270 Advertising 144,240 Materials handling 17,590 Work-in-process inventory, January 1 204,910 Work-in-process inventory, December 31 117,060 Direct materials inventory, January 1 37,740 Direct materials inventory, December 31 36,610 Finished goods inventory, January 1 58,110 Finished goods inventory, December 31 63,330 Required: