Compute the Cost of Goods Manufactured and Cost of Goods Sold for East Aquatic 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. East Aquatic Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Calculate the cost of goods manufactured. East Aquatic Company Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less: Cost of goods manufactured Now calculate the cost of goods sold. East Aquatic Company Calculation of Cost of Goods Sold For Current Year Plus: Less: Cost of goods sold Data table Beginning of Year End of Year 26,000 $ 27,000 35,000 $ 29,000 22,000 $ 25,000 End of Year Insurance on plant $ 8,500 Depreciation-plant building and equipment. $ 13,100 Repairs and maintenance-plant.. $ 3,700 $ 79,000 Marketing expenses... $ 77,000 $ 85,000 General and administrative expenses..... $ 25,500 $ 38,000 Raw materials inventory.. $ Work in process inventory.... $ Finished goods inventory.. $ Purchases of direct materials.. Direct labor. Indirect labor.. Print Done