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 Plus: Less: Direct materials used X Data Table End of Year $ 11,000 Beginning End of of Year Year Raw materials inventory $ 25,000 $ 26,000 Insurance on plant.. Work in process inventory $ 41,000 $ 35,000 Depreciation-plant building and equipment Finished goods inventory ... $ 20,000 $ 21,000 Repairs and maintenance-plant Purchases direct materials .... $ 78,000 Marketing expenses Direct labor $ 81,000 General and administrative expenses. Indirect labor $ 42,000 $ 13,400 $ 3,900 $ 75,000 $ 30,500 Print Done