Quick Study 14-10 Compute cost of goods sold for 2017 using the following 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 345,000 83,500 72,300 918,700 283,600 Cost of Goods Sold is Computed as: Finished goods inventory, December 31, 2016 Add: Cost of goods manufactured Cost of goods available for sale Less: Finished goods inventory, December 31, 2017 Cost of goods sold