Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts descfibed next. Assume that Raw Materials Inventory contalns only drect materials EE (Click the icon to view the data ) Start the calculation for cost of goods manufactured by calculating the direct materials used Blue Sea Company Calculation of Direct Materials Used For Current Year Beginning End of of YearYear End of S 7,000 12900 S 3,800 20,00O 32000 Insurance on plant Raw materials inventery Work in process inventory 35,000 s 29,000 Depreciation-plant building and equipment Finished goods inventorys 14000 27,000 Repairs and maintenance-plant Purchases of Grect materials Direct labor Indirect laber Plus Less Direct materials used Calculate the cost of goods manulactured S 71,000 Makeing expenses s 30,500 85,000 General and administrative expenses S 41,000 Blue Sea Company Calculation of Cost of Goods Manufactured For Current Year Print Done Choose rm any list or enter any number in the inout helds and then coninue to the next