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 $497,530 Purchases of direct materials 379,900 Freight-in on materials 7,830 Factory supplies used 18,480 Factory utilities 53,560 Commissions paid 79,090 Factory supervision and indirect labor 164,710 Advertising 145,070 Materials handling 16,690 Work-in-process inventory, January 1 204,450 Work-in-process inventory, December 31 116,920 Direct materials inventory, January 1 35,050 Direct materials inventory, December 31 36,310 Finished goods inventory, January 1 62,840 Finished goods inventory, December 31 61,620 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 II Manufacturing overhead: 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