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Crane Company's inventory records show the following data: Units Unit Cost 10500 $9.40 Inventory, January 1 Purchases: June 18 November 8 9100 9.00 6400 8.00

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Crane Company's inventory records show the following data: Units Unit Cost 10500 $9.40 Inventory, January 1 Purchases: June 18 November 8 9100 9.00 6400 8.00 A physical inventory on Decem 31 sho 36 on har Cra se The company an effective tax rate of 22%. Crane uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period? $137266 $133000 $137960 O $138040

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