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 Data table ... - Beginning of Year End of Year End of Year Raw materials inventory $ 26,000 $ 34,000 Insurance on plant $ 10,500 Work in process inventory $ 36,000 $ 31,000 Depreciation-plant building and equipment $ 12,700 Finished goods inventory $ 19,000 $ 27,000 Repairs and maintenance-plant $ 3,800 Purchases of direct materials 75,000 Marketing expenses $ 76,000 Direct labor $ 80,000 General and administrative expenses $ 27,500 Indirect labor $ 42,000 Check answer re help A