QS 1-8 (Algo) Computing cost of goods sold for a manufacturer LO P1 Compute cost of goods sold using the following information. Finished goods inventory, beginning $ 360, 080 Work in process inventory, beginning 85 , 500 Work in process inventory, ending 74, 709 Cost of goods manufactured 955, 600 Finished goods inventory, ending 307, 600 Cost of Goods Sold is Computed as: O Cost of goods sold 0