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 $496,550 Purchases of direct materials 375,520 Freight-in on materials 7,620 Factory supplies used 18,960 Factory utilities 55,000 Commissions paid 78,364 Factory supervision and indirect labor 164,880 Advertising 144,140 Materials handling 15,740 Work-in-process inventory, January 1 204,410 Work-in-process inventory, December 31 116,960 Direct materials inventory, January 1 38,880 Direct materials inventory, December 31 33,510 57,790 Finished goods inventory, January 1 Finished goods inventory, December 31 63,670 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