Compute the cost of goods manufactured and cost of goods sold for Quality Aquatic Company for the most recent year using the amounts described next. Assume that raw materials inventory contains only direct materials.

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Begi End of Year inning End of Raw materials inventory Work in process inventory Year $29,000 $31,000 Insurance on plant S36,000 $30,000 Depreciation-plant building and Year $10,500 $13,000 equipment airs and maintenance-plant Finished goods inventory Purchases of direct materials Direct labor Indirect labor 4,000 573,000 Marketing expenses $89,000 General and administrative expense $42,000 $83,000