Compute the Cost of Goods Manufactured and Cost of Goods Sold for Clear Bay Company for the most recent year using the amounts described next. Assume that How MADE INMHEY! Click the icon to view the data) Calculation of Cost of Goods Manufactured Data table For Current Year Beginning work in process inventory Plus Manufacturing costs incurred 30000 Beginning of Year End of Year End of Orect materials used i 63000 Raw materials inventory $ 23.000 $ 34,000 insurance on plant Year 58,500 Drect labor 80000 Work in process inventory $ 38,000 $28,000 Depreciation-plant building and equipment $ 12.700 Finished goods inventory $ 17,000 $ 29.000 Repairs and maintenance-plant $ 3.700 Manufacturing overhead Purchases of direct materials Total manufacturing costs to account for Direct labor $ 74,000 Marketing expenses $89.000 General and administrative expenses $ 78,000 $25.500 Less Ending work in process inventory 28000 Indirect labor... $ 37,000 Cost of goods manufactured Now calculate the cost of goods sold Clear Bay Company Calculation of Cost of Goods Sold For Current Year Beginning finished goods inventory PUK Cost of goods manufactured Cost of goods available for sale L Ending finished goods inventory Cost of goods wold 17000 29000 Print Done