Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea 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.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Blue Sea Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used i Data Table End of Beginning End of of Year Year Year Raw materials inventory 20,000 $ 32,000 Insurance on plant. . $ 8,000 13,100 Work in process inventory 41,000 $ 35,000 Depreciation-plant building and equipment Finished goods inventory 22,000 $ 27,000 Repairs and maintenance-plant $ 4,200 $ 83,000 72,000 Marketing expenses Purchases of direct materials $ 84,000 General and administrative expenses 24,500 Direct labor Indirect labor. $ 46,000 Print Done Start the calculation for cost of goods manufactured by calculating the direct materials used Blue Sea Company Calculation of Direct Materials Used For Current Year Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor Ending raw materials inventory Ending work in process inventory Manufacturing overhead Materials available for use Purchases of direct materials Total manufacturing costs incurred during the period Total manufacturing costs to account for click Check