Compute cost of goods sold for 2017 using the following information. Pinished 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 366,000 85,000 78,000 938,500 340,000 3 Cost of Goods Sold is Computed as Cost of goods sold 1 of 15