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Crane Manufacturing reported the following year-end balances: Beginning work in process inventory, $53000; beginning finished goods inventory, $73000; ending work in process inventory, $33000; ending
Crane Manufacturing reported the following year-end balances: Beginning work in process inventory, $53000; beginning finished goods inventory, $73000; ending work in process inventory, $33000; ending finished goods inventory, $43000; direct materials used, $253000; direct labor, $263000; manufacturing overhead, $163000; selling expenses, $63000; and administrative expenses, $363000. How much would Crane Manufacturing report as cost of goods manufactured at year-end? $659000. $709000. $699000. $762000
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