Compute cost of goods sold for 2017 using the following information. $ 372,000 Finished goods inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2017 Cost of goods manufactured, 2017 Finished goods inventory, Dec. 31, 2017 87,500 74,100 967,000 283,000 Cost of Goods Sold is Computed as: Cost of goods sold %24