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. E (Click the icon to view the data.) West Nautical Company Calculation of Direct Materials Used For Current Year Plus: Less Direct materials used Choose from any list or enter any number in the input fields and then click Check Answer. Data Table Beginning End of End of of Year Year Year Raw materials inventory %24 23,000 $ 25,000 Insurance on plant $ 11,500 Work in process inventory. 35,000 S 31,000 Depreciation-plant building and equipment. $ 13,400 Finished goods inventory 2$ 20,000 $ 22,000 Repairs and maintenance-plant. 3,700 Purchases of direct materials 74,000 Marketing expenses. $ 77,000 %24 Direct labor 86,000 General and administrative expenses $ 28,500 Indirect labor $4 42,000