contains only direct materials. 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 (Click the icon to view the data.) Plus: Data table Beginning End of of Year Year End of Year Raw materials inventory $ 23,000 $ 25,000 Insurance on plant $ 8,500 Work in process inventory $ 39,000 $ Finished goods inventory $ Purchases of direct materials 20,000 $ $ 32,000 28,000 Depreciation-plant building and equipment $ 12,800 Repairs and maintenance-plant $ 3,700 75,000 Marketing expenses $ 83,000 Direct labor $ 86,000 General and administrative expenses $ 25,500 Indirect labor $ 46,000 Less: Cost of goods sold Print Done West Nautical Company Calculation of Cost of Goods Sold For Current Year