Purchase Discounts Freight-In Freight-Out Purchases (a) (b) $6,320 Save for Later 9,790 163,770 Cost of goods sold 11,490 Cost of goods purchased $ eTextbook and Media Assuming that Crane Corporation uses the periodic system, compute (a) cost of goods purchased and (b) cost of goods sold. h Beginning Inventory Ending Inventory Purchase Returns and Allowances $ $32,910 28,930 5,210

find cost of goods purchased and cost of goods sold

Crane Corporation's accounting records show the following at year-end December 31, 2025: Assuming that Crane Corporation uses the periodic system, compute (a) cost of goods purchased and (b) cost of goods sold