QS 18-10 Cost of goods sold LO P1 Compute cost of goods sole for 2017 using the follwing information Finished goods inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2017 Cost of goods manufactured, 2017 Finished goods inventory, Dec. 31, 2017 $ 364,000 85,000 75,000 949,900 289,000 Cost of Goods Sold is Computed as: Cost of goods sold