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The manufacturing operations of Crane, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1
The manufacturing operations of Crane, Inc. had the following balances for the month of January: Inventories Raw Materials Work in Process Finished Goods January 1 January 31 $15,120 $16,380 Cost of goods sold 26,460 17.640 28,980 20,160 Crane transferred $365,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold.
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