Compute cost of goods sold using the following information.

Finished goods inventory, beginning	$ 358,000
Work in process inventory, beginning	85,500
Work in process inventory, ending	77,700
Cost of goods manufactured	967,000
Finished goods inventory, ending	295,000

Compute cost of goods sold 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 $ 358,000 85,500 77,700 967,000 295,000 Cost of Goods Sold is Computed as: Cost of goods sold