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The following data were taken from the income statements of Crane Company. 2022 2021 Sales revenue $6,480,000 $6,140,000 Beginning inventory 968,100 810,700 Purchases 4,739,320 4,693,340

The following data were taken from the income statements of Crane Company.

2022 2021 Sales revenue $6,480,000 $6,140,000 Beginning inventory 968,100 810,700 Purchases 4,739,320 4,693,340 Ending inventory 1,118,000 968,100

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