Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. 2 (Click the icon to view the data.) Start the calculation for cost of goods manufactured by calculating the direct materials used. Strike Marine Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Calculate the cost of goods manufactured. Strike Marine Company Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less Now calculate the cost of goods sold. Strike Marine Company Calculation of Cost of Goods Sold For Current Year Plus: Less: Cost of goods sold Data Table Beginning of Year End of Year End of Year $ $ 8,000 $ 21,000 $ 26,000 Insurance on plant 42,000 $ 36,000 Depreciation-plant building and equipment 14,000 $ 29,000 Repairs and maintenance-plant $ 13,100 $ 4,300 Raw materials inventory Work in process inventory Finished goods inventory. Purchases of direct materials Direct labor Indirect labor. $ 79,000 Marketing expenses $ 76,000 $ 83,000 General and administrative expenses $ 24,500 $ 37,000 Print Done