The following information is available for Baker Industries:

Cost of goods manufactured $320,000
Beginning finished goods inventory $45,000
Ending finished goods inventory $35,000
Compute the cost of goods sold.

To compute the cost of goods sold, we need to use the formula:

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory

Using the given information, we can substitute the values into the formula:

Cost of Goods Sold = $45,000 + $320,000 - $35,000

Cost of Goods Sold = $365,000

Therefore, the cost of goods sold for Baker Industries is $365,000.

To compute the cost of goods sold, we need to calculate the amount of goods that were sold during the period. The formula to calculate the cost of goods sold is:

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory

Let's plug in the values given:

Beginning finished goods inventory = $45,000
Cost of goods manufactured = $320,000
Ending finished goods inventory = $35,000

Applying the formula:
Cost of Goods Sold = $45,000 + $320,000 - $35,000

Now let's calculate the cost of goods sold:

Cost of Goods Sold = $330,000

Therefore, the cost of goods sold for Baker Industries is $330,000.