E2-25A Compute Cost of Goods Manufactured and Cost of Goods Sold (Learning Objective 5) 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. Beginning End End of Year of Year of Year .8,000 Work in process inventory$43,000 $28,000 Depreciation-plant building and equipment... $12,00 .$4,100 ....$76,000 $8 . $27,500 Raw materials inventory..$27,000 $31,000 Insurance on plant.. Finished goods inventory $16,000 $29,000 Repairs and maintenance-plant... $79,000 Marketing expenses... 3,000 General and administrative expenses. $46,000 Indirect labor