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. (Cick the icon to view the data.) For Current Year Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. 21,000 71,000 92,000 28,000 $ 64,000 Data Table Beginning End of End of Year S 8,500 S 13,400 S 3,800 S 77,000 S 23,500 Strike Marine Company Calculation of Cost of Goods Manufactured For Current Year of Year Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Indirect labor 21,000 $ 35,000 S 13,000 28,000 34,000 25,000 Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Beginning work in process inventory Plus Manufacturing costs incurred $ 35,000 $ 71,000 Marketing expenses $ 80,000 General and administrative expenses 71000 80,000 64000 250000 34,000 216000 Direct materials used Direct labor Manufacturing overhead $ 39,000 Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured Print Done