End of Year Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labor Beginning End of of Year Year $ 25,000 $ 32,000 Insurance on plant $ 44,000 $ 37,000 Depreciation-plant building and equipment $ 14,000 $ 24,000 Repairs and maintenance-plant $ 79,000 Marketing expenses $ 82,000 General and administrative expenses $ 41,000 $ 11,000 $ 13,400 $ 3,500 $ 82.000 $ 27,500 Indirect labor Print Done P Student Dashboard M Connect Sign in McGre McGraw-Hill Education college.com course, html?courseldt 169490778Open VellumHMAC=53450001868e8d3d5d932 bodec3c651 Compute the cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recer contains only direct materials. Click the icon to view the data.) . $ 25,000 79,000 104,000 Strike Marine Company Calculation of Direct Materials Used For Current Year Beginning raw materials inventory Plus: Purchases of direct materials Materials available for use Loss Ending raw materials inventory Direct materials used Calculate the cost of goods manufactured. Strike Marine Company Calculation of Cost of Goods Manufactured For Current Year 32.000 S 72.000 Plus Manufacturing costs incurred Cost of goods matured Help Me Solve This Video Get More Help Pearson Copyright 2021 Person En sods Sold for Strike Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory