Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume that the Raw Materials Inventory contains only direct materials.

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Beginning of Year $23,000 End of Year End of Year Raw materials inventory. Work in process inventory. Finished goods inventory.. Purchases of direct materials. Direct labor Indirect labor. Insurance on plant.. Depreciation-plant building and equipment. Repairs and maintenance-plant. Marketing expenses. General and administrative expenses. $25,000 $ 11,500 $31,000 $35,000 $ 13,400 $ 3,700 $20,000 $22,000 $74,000 $77,000 $ 28,500 $86,000 $42,000