Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea 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.) Blue Sea Company Calculation of Direct Materials Used 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 $27,000 79,000 106,000 31,000 $75,000