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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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

Calculation of Cost of Goods Sold

For Current Year

Plus:

Less:

Data table

$\backslash$table$[[,\backslash$table$[[$Beginning$],[$of Year$]],\backslash$table$[[\backslash$table$[[$End of$],[$Year$]]],[$$$,27,000$