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27.Cost of Goods Manufactured and SoldAnglin Company, a manufacturing firm, has supplied the following information...

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Accounting

27.Cost of Goods Manufactured and SoldAnglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year:Direct labor cost $495,210Purchases of direct materials 377,180Freight-in on materials 7,780Factory supplies used 17,160Factory utilities 52,210Commissions paid 78,933Factory supervision and indirect labor 166,650Advertising 144,710Materials handling 16,290Work-in-process inventory, January 1 201,240Work-in-process inventory, December 31 117,790Direct materials inventory, January 1 36,240Direct materials inventory, December 31 37,290Finished goods inventory, January 1 58,940Finished goods inventory, December 31 60,800

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CoursHeroTranscribedText: 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

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