Crane Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that cost $60 each. During the month, the company made two purchases: 720 units at $63 each and 355 units at $65 each. Crane Company also sold 1200 units during the month. Using the FIFO method what is the amount of cost of goods sold for the month? $75935 $75024 $74145 $72000