the Cost of Goods Manufactured and Cost of Goods Sold for Quality Acquatic Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials Sick the icon to view the data) the calculation for cost of goods manufactured by calculating the direct materials used. Quality Acquatic Company Calculation of Direct Materials Used For Current Year gizing raw materials inventory Purchases of direct materials aterials available for use ass: Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured Quality Acquatic Company Calculation of Cost of Goods Manufactured Data table Beginning of Year End of Year End of 22,000 Raw materials inventory $ 22,000 $ 29,000 Insurance on plant 78.000 Work in process inventory $ 38,000 $ 29,000 Depreciation-plant building and equipment 100,000 Finished goods inventory. $ 29,000 Purchases of direct materials 20,000 $ $ 24,000 Repairs and maintenance-plant Year $ 9,000 $13,400 $ 3,900 78,000 Marketing expenses $ 83,000 Direct labor S $ 85.000 71,000 General and administrative expenses $ 29,500 Indirect labor $ 37,000 For Current Year Beginning work in process inventory Plus Manufacturing costs incurred $38,000 Dired materials used $71,000 Direct labor $85,000 Manufacturing overhead $63,300 Total manufacturing costs to account for $219,300 Lass Ending work in process inventory $29,000 Cost of goods manufactured $190,300 Help me solve this Video Get more help- esc 421 #3 2 80 " 02 : Print Done < " DO " 19 $ % ^ & 4 5 6 7 8 a Clear all Check answer ww 9 +