Cost of goods manufactured equals $85,000 for 2017. finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. beginning and ending work in process for 2017 are $4,000 and $5,000, respectively. how much is cost of goods sold for the year?

Total cost of goods in 2017 = cost of goods manufactured + inventory cost + work in process cost

inventory cost 2017 = (ending inventory cost - beginning inventory cos)

work in process cost = (ending work in process - beginning work in process)

where:

cost of goods = $85000

beginning inventory cost = $2000

ending inventory cost = $5500

beginning work in process = $4000

ending work in process = $5000

Total cost of goods sold for the year 2017 = $91300