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Compute the cost of goods manufactured and cost of goods sold for Aqua Source Company for the most recent year using the amounts described below.

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Compute the cost of goods manufactured and cost of goods sold for Aqua Source Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used, then calculate the cost of goods manufactured Aqua Source Company Schedule of Cost of Goods Manufactured dd: Direct materials used Beginning raw materials inventory Direct materials used dor Manufacturing overhead: Choose from any list or enter any number in the input fields and then continue to the next question. Manufacturing overhead: Total manufacturing costs incurred during the year Total manufacturing costs to account for Less: Cost of goods manufactured NOW Aqua Source Company Schedule of Cost of Goods Sold Cost of goods sold End of Year $ 10,000 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labour. Indirect labour Beginning End of Year of Year $ 34,000 $ 35,000 Insurance on plant 58,000 36,000 Depreciation-plant building 18,000 25,000 and equipment 79,000 Repairs and maintenance-plant 89,000 Marketing expenses 24,000 General and administrative expenses 19,000 6,000 78,000 29,000

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