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 Beginning work in process inventory Plus: Direct labor 35000 86000 Less: Ending work in process inventory P Do Direct materials used 72000 - X Data Table . Beginning End of End of of Year Year Year Raw materials inventory .. $ 23,000 $ 25,000 Insurance on plant $ 11,500 Work in Depreciation-plant process building and inventory $ 35,000 $ 31,000 equipment $ 13,400 Finished goods Repairs and inventory $ 20,000 $ 22,000 maintenance-plant $ 3,700 Purchases of Print Done