Compute cost of goods sold for the period using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 354,000 83,500 76,800 955,600 289,000 Cost of Goods Sold is Computed as: Cost of goods manufactured Add: Finished goods inventory, beginning Cost of goods available for sale Less: Finished goods inventory, ending Cost of goods sold