The following costs and inventory data were taken from the accounts of Crane Company for 2022:...

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The following costs and inventory data were taken from the accounts of Crane Company for 2022: (Assume all raw materials used were direct materials.) Inventories: January 1, 2022 December 31, 2022 Raw materials $ 10,080 $ 8,820 Work in process 18,900 16,380 Finished goods 20,160 15,120 Costs incurred: Raw materials purchases Direct labor Factory rent $ 123,480 52,920 10,080 Factory utilities 12,600 Indirect materials 7,560 Indirect labor 11,340 Operating expenses 21,420 The following costs and inventory data were taken from the accounts of Crane Company for 2022: (Assume all raw materials used were direct materials.) Inventories: January 1, 2022 December 31, 2022 Raw materials $ 10,080 $ 8,820 Work in process 18,900 16,380 Finished goods 20,160 15,120 Costs incurred: Raw materials purchases Direct labor Factory rent $ 123,480 52,920 10,080 Factory utilities 12,600 Indirect materials 7,560 Indirect labor 11,340 Operating expenses 21,420