Compute the cost of goods manufacture and cost of goods sold for East aquatic company for the most recent year using the amounts described next. Assume that raw materials inventory contains only direct materials.

Beginning End of End of of Year Year Year Raw materials inventory !.. .. S 23,000 $ 26,000 Insurance on plant. ... . ... $ 7,500 Work in process inventory ...... $ 39,000 $ 36,000 Depreciation-plant building and equipment. . . .. $ 12,500 Finished goods inventory ...... . $ 21,000 $ 22,000 Repairs and maintenance-plant . . .. . $ 3,700 Purchases of direct materials .... $ 72,000 Marketing expenses. . ... .. $ 84,000 Direct labor . .... $ 84,000 General and administrative expenses. . .. .... $ 29,500 Indirect labor . $ 41,000 Print Done