The following information is available for Crane Company:January $1,20222022$December $31,2022$Raw materials inventory$$21,200$$$28,300$Work in process inventory$13,90017,100$Finished goods inventory$27,30020,900$Materials purchased$$154,800$Direct labour$229,000$Manufacturing overhead$180,100$Sales$918,000($a$)$Your answer is correct.Calculate the cost of goods manufactured.Cost of goods manufactured$553,600.$

Prepare the general statement through gross profit