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 $494,710 Purchases of direct materials 376,420 Freight-in on materials 7,060 Factory supplies used 18,490 Factory utilities 55,950 Commissions paid 79,258 Factory supervision and indirect labor 164,980 Advertising 146,930 Materials handling 17,560 Work-in-process inventory, January 1 201,950 Work-in-process inventory, December 31 117,180 Direct materials inventory, January 1 37,410 Direct materials inventory, December 31 32,410 Finished goods inventory, January 1 57,010 Finished goods inventory, December 31 61,680 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: 100 Total overhead costs Total manufacturing costs added Cost of goods manufactured 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 sold