# Question

Compute cost of goods sold for year 2013 using the following information.
Finished goods inventory, Dec. 31, 2012 . . . . . . . . . . . . \$ 345,000
Goods in process inventory, Dec. 31, 2012 . . . . . . . . . . 83,500
Goods in process inventory, Dec. 31, 2013 . . . . . . . . . . 72,300
Cost of goods manufactured, year 2013 . . . . . . . . . . . . 918,700
Finished goods inventory, Dec. 31, 2013 . . . . . . . . . . . 283,600

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