= Homework: Chapter 2 Homework Question 4, E2-26A (simil... Part 1 of 3 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Compute the cost of Goods Manufactured and Cost (Click the icon to view the data.) f Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only di Start the calculation for cost of goods manufactured by calculating the direct materials used. South Marine Company Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Data Table Beginning of Year End of Year End of Year $ $ 11,000 27,000 $ 31,000 Insurance on plant 43,000 $ 34,000 Depreciation-plant building and equipment 20,000 $ 26,000 Repairs and maintenance-plant $ 13,000 $ $ 4,000 Raw materials inventory Work in process inventory Finished goods inventory. Purchases of direct materials Direct labor Indirect labor. $ 76,000 Marketing expenses $ 78,000 $ 84,000 General and administrative expenses $ 23,500 $ 45,000 Print Done