Start the calculation for cost of goods manufactured by calculating the direct materials used. West Nautical Company Calculation of Direct Materials Used For Current Year Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Less: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. West Nautical Company Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred 40000 Direct materials used Direct labor 59000 83000 Manufacturing overhead 69400 Total manufacturing costs to account for 211400 Less: Ending work in process inventory Cost of goods manufactured 32000 243400 Data table 21,000 Beginning End of 70,000 of Year Year End of Year 91,000 Raw materials inventory $ 21,000 $ 32,000 Insurance on plant $ 7,500 32,000 Work in process inventory $ 40,000 $ 32,000 Depreciation-plant building and equipment $ 12,500 59,000 Finished goods inventory.. $ 15,000 $ 28,000 Repairs and maintenance-plant $ 4,400 Purchases of direct materials $ 70,000 Marketing expenses $ 82,000 Direct labor $ 83,000 General and administrative expenses $ 26,500 Indirect labor. $ 45,000 Print Done