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 $494,000 Purchases of direct materials Freight-in on materials 378,450 7,930 Factory supplies used 18,190 Factory utilities 52,480 Commissions paid 79,409 Factory supervision and indirect labor 164,510 Advertising 144,770 Materials handling 17,790 Work-in-process inventory, January 1 204,010 Work-in-process inventory, December 31 118,600 Direct materials inventory, January 1 37,540 Direct materials inventory, December 31 38,000 Finished goods inventory, January 1 60,290 Finished goods inventory, December 31 60,360 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