QS 18-8 (Algo) Computing cost of goods sold for a manufacturer LO P1 Compute cost of goods sold using the following information. Finished goods inventory, beginning Work in process inventory, beginning Work in process inventory, ending Cost of goods manufactured Finished goods inventory, ending $ 346,000 85,000 72,300 921,400 292,000 Cost of Goods Sold is Computed as: Cost of goods sold