Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 487 units that cost $61 each. During the month, the company made two purchases: 726 units at $64 each and 363 units at $66 each. Crane Company also sold 1205 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? $75659. $73505. $76554. $77498.