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Compute cost of goods sold for year 2013 using the following information. Finished goods inventory, Dec. 31, 2012 $ 345,000 Goods in process inventory, Dec.
| Compute cost of goods sold for year 2013 using the following information. |
| Finished goods inventory, Dec. 31, 2012 | $ | 345,000 |
| Goods in process inventory, Dec. 31, 2012 | 83,500 | |
| Goods in process inventory, Dec. 31, 2013 | 72,300 | |
| Cost of goods manufactured, year 2013 | 918,700 | |
| Finished goods inventory, Dec. 31, 2013 | 283,600 | |
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