Compute the cost of goods manufactured and cost of goods sold for Strike Marine Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials.

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inning of Year Year End of Year End Raw material inventory Work in process inventory $25,000 $28,000 Insurance on plant $ 9,000 50,000 35,000 Depreciation plant building and 13,000 4,000 77,000 29,000 equipment Finished goods inventory. Purchases of direct materias.. Direct labour Indirect labour 18,000 25,000 Repairs and maintenance-plant 78,000 Marketing expenses 82,000 15,000 General and administrative expenses