Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold Cost of goods sold Compute the cost of goods manufactured and cost of goods sold for Crystal Bay Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials. E (Click the icon to view the data.) Beginning End End of Year of Year of Year Raw materials inventory ........$ 28,000 $ 32,000 Insurance on plant $ 13,500 Work in process inventory ...... 50,000 44,000 Depreciation-plant building Finished goods inventory 24,000 31,000 and equipment 14,000 Purchases of direct materials ... 84,000 Repairs and maintenance-plant ....... 7,500 Direct labour 84,000 Marketing expenses ...... 83,000 Indirect labour .............. 18,000 General and administrative expenses... 32,000