Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Gold 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.) 25,000 79,000 Strike Gold Company Calculation of Direct Materials Used 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. 104,000 34,000 $ 70,000 Strike Gold Company Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All Check Answer Data Table - Beginning End of End of of Year Year Year Raw materials inventory .. $ 25,000 $ 34,000 Insurance on plant $ 11,500 Depreciation-plant building and Work in process inventory $ 35,000 $ 32,000 equipment .... $ 13,100 Finished goods inventory . $ 18,000 $ 26,000 Repairs and maintenance-plant $ 3,700 Purchases of direct materials $ 79,000 Marketing expenses $ 77,000 Direct labor $ 86,000 General and administrative expenses $ 23,500 Indirect labor $ 40,000 Print Done Strike Gold Company Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less: Cost of goods manufactured