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 $493,190 Purchases of direct materials 376,910 Freight-in on materials 7,200 Factory supplies used 17,480 Factory utilities 53,740 Commissions paid 78,209 Factory supervision and indirect labor 167,880 Advertising 146,250 Materials handling 16,990 Work-in-process inventory, January 1 203,090 Work-in-process inventory, December 31 116,920 Direct materials inventory, January 1 39,350 Direct materials inventory, December 31 36,580 Finished goods inventory, January 1 57,000 Finished goods inventory, December 31 62,410 Required: Question Content Area 1. Prepare a cost of goods