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 Raw Materials Inventory contains only direct materials. (Click the icon to view the data.) For Current Year Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. S 23,000 74,000 97,000 25,000 72,000 Data Table Beginning End of of Year $ 23,000 S 25,000 Insurance on plant $ 35,000 S 31,000 Depreciation-plant building and equipment $ 20,000 S 22,000 Repairs and maintenance-plant End of Year $ 11,500 S 13,400 S 3,700 Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor West Nautical Company Calculation of Cost of Goods Manufactured For Current Year $ 74,000 Marketing expenses S 86,000 General and administrative expenses S 42,000 .77,000 S 28,500 Plus: Manufacturing costs incurred PrintDone Less: Cost of goods manufactured Choose from any list or enter any number in the input fields and then click Check