End of Year Beginning End of of Year Year $ 29,000 $ 30,000 Insurance on plant $ 44,000 $ 36,000 Depreciation-plant building and equipment $ 18,000 $ 23,000 Repairs and maintenance-plant $ 78,000 Marketing expenses $ 85,000 General and administrative expenses $ 46,000 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor. Indirect labor $ 7,500 $ 13,200 $ 3,600 $ 82,000 $ 26,500 Compute the cost of Goods Manufactured and Cost of Goods Sold for South Marine 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.) . Start the calculation for cost of goods manufactured by calculating the direct materials used. South Marine Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used