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.) Less Ending raw materials inventory 28,000 68,000 Direct materials used Data Table End of Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Beginning End of of Year Year $ 23,000 $ 28,000 Insurance on plant 37.000 $ 31,000 Depreciation-plant building and equipment $ 22.000 $ 29,000 Repairs and maintenance-plant $ 73,000 Marketing expenses $ 89,000 General and administrative expenses $ 44,000 $ 7,500 $ 12,800 $ 3,800 $ 76,000 Direct labor $ 29,500 Indirect labor Print Done Strike Gold Company Calculation of Cost of Goods Sold For Current Year Beginning work in process inventory Plus: Cost of goods manufactured Less Cost of goods sold