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 Freight-in on materials Factory supplies used Factory utilities Commissions paid Factory supervision and indirect labor Advertising Materials handling Work-in-process inventory, January 1 Work-in-process inventory, December 31 Direct materials inventory, January 1 Direct materials inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Required: 1. Prepare a cost of goods manufactured statement. $495,830 377,650 8,000 17,600 55,840 79,883 163,900 146,050 16,660 201,690 117,870. 35,690 33,410 61,170 64,290 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 inventory Add: Purchases Add: Freight-in on materials Materials available Direct materials used in production Manufacturing overhead: Direct labor Factory utilities Total overhead costs Total manufacturing costs added Add: Beginning work in process Less: Ending work in process Cost of goods manufactured 0000 0000 00000 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 inventory Add: Purchases Add: Freight-in on materials Materials available Direct materials used in production Manufacturing overhead: Direct labor Factory utilities Total overhead costs Total manufacturing costs added Add: Beginning work in process Less: Ending work in process Cost of goods manufactured 0000 0000 00000 2. Prepare a cost of goods sold statement. Anglin Company Statement of Cost of Goods Sold For the Year Ended December 31 Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold