Golden Bay Company Calculation of Cost of Goods Manufactured For Current Year - Plus: Manufacturing costs incurred Less Cost of goods manufactured Choose from any list or enter any numhori Sold for Beginning raw materials inventory Beginning work in process inventory Direct labor Direct materials used Ending raw materials inventory Ending work in process inventory Manufacturing overhead Total manufacturing costs to account for Plus: Manufacturing costs incurred Less: Cost of goods manuf Accounti Compute the cost of Goods Manufactured and Cost of Goods Sold for Golden Bay 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.) ata Table Beginning End of End of of Year Year Year Raw materials inventory .$ 25,000 $ 33,000 Insurance on plant $ 7,500 Depreciation-plant building and Work in process inventory $ 42,000 $ 36,000 equipment $ 13,100 Finished goods inventory $ 21,000 $ 28,000 Repairs and maintenance-plant $ 4,400 Purchases of direct materials $ 79,000 Marketing expenses $ 76,000 Direct labor $ 84,000 General and administrative expenses $ 26,500