The manufacturing operations of Crane, Inc. had the following balances at the beginning and end of January: Inventories Raw materials Work in process Finished goods January 1 January 31 $9,840 17,220 11,480 $10,660 Cost of goods sold $ 18,860 13,120 Crane transferred $237,800 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for the month.

The manufacturing operations of Crane, Inc. had the following balances at the beginning and end of January: Crane transferred $237,800 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for the month. Cost of goods sold $