y Aquatic Company for the most recent year using the amounts described next Assume that Raw Materials inventory contains only direct materials Compute the cost of Goods Manutactured and cost of Goods Sold for O Click the con to view the data) Quality Acquatic Company Calculation of Direct Materials Used Forum Yew De Beginning End of Todo Year $ Det materials used Wo in process inventory 5 20.000 0 00 15.000 29.000 insurance on plant 35000 Depreciation plant building and equipment 28000 R andmanance plant $ $ 9500 12.500 S 300 5700 Calculate the cost of goods mancared Quality Ace Company Calculation of Cost of Good Manufactured Forum Fished goods inventory Purchases of direct Dw Print Done Choose from any of enter any number in the input reds and then continue to the next question Quality Acquatic Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Calculate the cost of goods manufactured Quality Acquatic Company Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred TI Less: Cost of goods manufactured Now calculate the cost of goods sold. Quality Acquatic Company Calculation of Cost of Goods Sold For Current Year Plus: Less: Cost of goods sold Choose from any list or enter any number in the input fields and then continue to the next question Beginning End of End of of Year Year Year Raw materials inventory ....$ 20,000 $ 29,000 Insurance on plant. $ 9,500 Work in process inventory ....... $ 43,000 $ 35,000 Depreciation-plant building and equipment ....$ 12,900 Finished goods inventory ........$ 15,000 $ 28,000 Repairs and maintenance-plant $ 4,300 Purchases of direct materials .... $ 78,000 Marketing expenses . $ 79,000 Direct labor $ 83,000 General and administrative expenses. ........$ 29,500 Indirect labore $ 45,000