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Crane Works' uses a periodic inventory system. Its accounting records show the following as of...

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Accounting

Crane Works' uses a periodic inventory system. Its accounting records show the following as of December 31, 2025. Inventory, Dec. 31, 2025 Purchase Returns and Allowances Inventory, Jan. 1, 2025 Cost of goods purchased $ Cost of goods sold $3,850 LA 690 5,400 Freight-In Purchases Compute cost of goods purchased and cost of goods sold. Purchase Discounts 2290 $1,770 96,600 1,140
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Crane Works' uses a periodic inventory system. Its accounting records show the following as of December 31,2025

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