Compute the cost of Goods Manufactured and Cost of Goods Sold for West Nautical 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. West Nautical Company Calculation of Direct Materials Used For Current Year Less Direct materials used Calculate the cost of goods manufactured West Nautical Company Calculation of Cost of Goods Manufactured For Current Year Direct materials used Calculate the cost of goods manufactured. West Nautical 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. West Nautical Company Choose from any list or enter any number in the input fields and then continue to the next question. Compute the cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts des that Raw Materials Inventory contains only direct materials. Click the icon to view the data.) Less: Cost of goods manufactured Now calculate the cost of goods sold. West Nautical Company Calculation of Cost of Goods Sold For Current Year Plus: Less: Cost of goods sold Choose from any list or enter any number in the input fields and then continue to the next question, e Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume aterials Inventory contains only direct materials. he icon to view the data.) 6 Data Table goods ulate Beginning End of End of of Year Year Year Raw materials inventory......$ 25,000 $ 29,000 Insurance on plant $ 9,500 Work in process inventory ..... $ 41,000 $ 31,000 Depreciation-plant building and equipment .... $ 12,600 Finished goods inventory .......$ 17.000 $ 22,000 Repairs and maintenance-plant... $ 3,900 Purchases of direct materials $ 72,000 Marketing expenses $ 76,000 Direct labor $ 82,000 General and administrative expenses....... $ 27,500 Indirect labor....... $ 43,000 Print Done goods sold from any list or enter any number in the input fields and then continue to the next