Compute the Cost of Goods Manufactured and Cost of Goods Sold for Golden Bay 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. Golden Bay Company Calculation of Direct Materials Used Beginning raw materials inventory For Current Year Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. 69 25,000 79,000 104,000 33,000 71,000