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	$496,770
Purchases of direct materials	376,920
Freight-in on materials	7,160
Factory supplies used	17,150
Factory utilities	53,090
Commissions paid	78,419
Factory supervision and indirect labor	167,580
Advertising	145,890
Materials handling	17,360
Work-in-process inventory, January 1	203,680
Work-in-process inventory, December 31	117,600
Direct materials inventory, January 1	36,920
Direct materials inventory, December 31	34,530
Finished goods inventory, January 1	61,910
Finished goods inventory, December 31	62,810

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:
	$
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	$