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Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from...

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Accounting

Cost of Goods Manufactured and Sold

Anglin Company, a manufacturing firm, has supplied the followinginformation from its accounting records for the last calendaryear:

Direct labor cost$493,520
Purchases of direct materials375,280
Freight-in on materials7,750
Factory supplies used17,210
Factory utilities53,300
Commissions paid79,606
Factory supervision and indirect labor165,870
Advertising144,740
Materials handling17,960
Work-in-process inventory, January 1203,020
Work-in-process inventory, December 31118,330
Direct materials inventory, January 139,950
Direct materials inventory, December 3134,170
Finished goods inventory, January 158,220
Finished goods inventory, December 3161,010

Required:

1. Prepare a cost of goods manufacturedstatement.

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$

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