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	$494,110
Purchases of direct materials	377,200
Freight-in on materials	7,100
Factory supplies used	18,300
Factory utilities	53,270
Commissions paid	79,948
Factory supervision and indirect labor	165,290
Advertising	144,610
Materials handling	16,380
Work-in-process inventory, January 1	201,460
Work-in-process inventory, December 31	118,590
Direct materials inventory, January 1	37,750
Direct materials inventory, December 31	37,350
Finished goods inventory, January 1	61,880
Finished goods inventory, December 31	61,510

Required:

Question Content Area

1. Prepare a cost of goods manufactured statement.

Direct materials:
Beginning inventoryDirect laborFactory supervision and indirect laborFactory suppliesMaterials handling	$- Select -
Add: Cost of goods manufacturedAdd: Direct laborAdd: Factory supervision and indirect laborAdd: Materials handlingAdd: Purchases	- Select -
Add: Beginning inventoryAdd: Ending inventoryAdd: Factory suppliesAdd: Factory utilitiesAdd: Freight-in on materials	- Select -
Materials available	$fill in the blank 0c4e72fe202afc5_7
Less: Ending inventoryLess: Ending work in processLess: Factory supervision and indirect laborLess: Factory suppliesLess: Factory utilities	- Select -
Direct materials used in production		$fill in the blank 0c4e72fe202afc5_10
Beginning inventoryBeginning work in processCost of goods manufacturedDirect laborFactory supervision and indirect labor		- Select -
Manufacturing overhead:
Beginning inventoryDirect laborFactory suppliesFreight-in on materialsPurchases	$- Select -
Beginning inventoryBeginning work in processDirect laborFactory utilitiesPurchases	- Select -
Beginning inventoryBeginning work in processDirect laborFactory supervision and indirect laborFreight-in on materials	- Select -
Beginning inventoryDirect laborEnding work in processFreight-in on materialsMaterials handling	- Select -
Total overhead costs		fill in the blank 0c4e72fe202afc5_21
Total manufacturing costs added		$fill in the blank 0c4e72fe202afc5_22
Add: Beginning inventoryAdd: Beginning work in processAdd: Factory supervision and indirect laborAdd: Factory suppliesAdd: Purchases		- Select -
Less: Beginning inventoryLess: Beginning work in processLess: Ending inventoryLess: Ending work in processLess: Purchases		- Select -
Cost of goods manufactured		$fill in the blank 0c4e72fe202afc5_27

Question Content Area

2. Prepare a cost of goods sold statement.

Beginning finished goods inventoryCost of goods available for saleCost of goods manufacturedCost of goods soldEnding finished goods inventory	$- Select -
Add: Beginning finished goods inventoryAdd: Cost of goods available for saleAdd: Cost of goods manufacturedAdd: Cost of goods soldAdd: Ending finished goods inventory	- Select -
Beginning finished goods inventoryCost of goods available for saleCost of goods manufacturedCost of goods soldEnding finished goods inventory	$- Select -
Less: Beginning finished goods inventoryLess: Cost of goods available for saleLess: Cost of goods manufacturedLess: Cost of goods soldLess: Ending finished goods inventory	- Select -
Cost of goods sold	$fill in the blank 5d1a28ff3f82fdf_9