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.

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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 of Year End of Year End of Year

Raw materials inventory.. $27,000 $30,000 Insurance of plant... $10,000

Work in process inventory. $ 42,000 $37,000 Depreciation-plant building and equipment.............. $12,900

Finished goods inventory $ 17,000 $21,000 Repairs and maintenance-plant................................ $3,500

Purchases of direct materials $75,000 Marketing expenses................................................... $79,000

Direct labor $87,000 General and administrative expenses........................ $22,500

Indirect labor $39,000

Calulate the goods manufactured.