I'm confused because of freight out and inventory

Sheridan Company's trial balance of income statement accounts for the year ended December 31, 2017 included the following Debit Credit Sales revenue Cost of goods sold Administrative expenses Loss on disposal of equipment Commissions to salespersons Interest revenue Freight-out Loss from discontinued operations $286000 $165000 39200 17100 15000 11000 5900 24000 Bad debt expense Totals $272200 $297000 Other information: Sheridan's income tax rate is 30%. Finished goods inventory: January 1, 2017 December 31, 2017 $161000 140000 On Sheridan's multiple-step income statement for 2017, Cost of goods manufactured is