Compute the Cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials. EEB (Cick the icon to view the data.) Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. 78.000 00,000 27,000 S 73.000 Data Table End of Year S 10,500 13,200 S 4,300 S 79,000 S 28,500 Beginning End of of Year Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materias Direct labor Indirect labor Quality Acquatic Company Calculation of Cost of Goods Manulactured For Current Year $ 22,000 S 27,000 nsurance on plant 44,00D 28,000 Depreciation-plant building and equipment 19,00D S 25,000 Repairs and maintenance-plant Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used S 78,000 Marketing expenses S 84,000 General and administrative expenses S 46,000 $44,000 62000 Direct labor 84.000 Print Done Less Cost of goods manufactured