Compute the Cost of Goods Manufactured and Cost of Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only few materials (Click the icon to view the data] Start the calculation for cost of goods manufactured by calculating the direct materials used. South Marine Company Calculation of Direct Materials Used For Current Year Beginning work in process inventory Plus Less Direct materials used Data table Beginning of Year End of Year End of Year Raw materials inventory 1 25,000 $ 31.000 insurance on plant $11.500 Work in process inventory Finished goods inventory $ 30,000 $34,000 Depreciation plant bulding and ment $13.500 Purchases of drect materials 13.000 S 2000 Repairs and maintanance-plant $ 74,000 Marketing expenses $4000 $79.000 Direct labor Indirect labor 5640 General and administrative expens $43,000 $26.500 Print Done x Data table Raw materials inventory Work in process inventory Finished goods inventory.. Beginning of Year End of Year 25,000 $ 31,000 Insurance on plant End of Year $ 11,500 36,000 $ 34,000 Depreciation-plant building and equipment $ 13,100 $ 13,000 $ 26,000 Repairs and maintenance-plant $ 4,000 Purchases of direct materials $ 74,000 Marketing expenses $ 79,000 Direct labor $ 84,000 General and administrative expenses $ 26,500 Indirect labor. $ 43,000