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 $493,630 Purchases of direct materials 378,010 Freight-in on materials 7,520 Factory supplies used 18,630 Factory utilities 56,000 Commissions paid 79,056 Factory supervision and indirect labor 167,410 Advertising 144,900 Materials handling 17,890 Work-in-process inventory, January 1 202,030 Work-in-process inventory, December 31 117,920 Direct materials inventory, January 1 36,380 Direct materials inventory, December 31 36,330 Finished goods inventory, January 1 61,210 Finished goods inventory, December 31 60,250 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: VE 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