Solution-Prepare a cost of goods manufactured statement

Prepare a cost of goods manufactured statement

Reference no: EM133128204

Question - 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	$495,160
Purchases of direct materials	375,190
Freight-in on materials	7,150
Factory supplies used	18,170
Factory utilities	55,280
Commissions paid	78,950
Factory supervision and indirect labor	166,900
Advertising	146,520
Materials handling	15,900
Work-in-process inventory, January 1	203,770
Work-in-process inventory, December 31	116,450
Direct materials inventory, January 1	36,540
Direct materials inventory, December 31	33,940
Finished goods inventory, January 1	57,430
Finished goods inventory, December 31	64,840

Required -

1. Prepare a cost of goods manufactured statement.

2. Prepare a cost of goods sold statement.

Reference no: EM133128204

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Prepare a cost of goods manufactured statement

Reference no: EM133128204

Reference no: EM133128204

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