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 $494,560 Purchases of direct materials Freight-in on materials 378,710 7,310 Factory supplies used 17,340 Factory utilities 54,380 Commissions paid 79,291 Factory supervision and indirect labor 164,050 Advertising 145,570 Materials handling 17,470 Work-in-process inventory, January 1 202,530 Work-in-process inventory, December 31 118,990 Direct materials inventory, January 1 39,470 Direct materials inventory, December 31 33,360 Finished goods inventory, January 1 61,270 Finished goods inventory, December 31 60,990 Required: