Crane,Increported the Following Data Regarding Costs and Inventories for the Current

Essay

Crane,Inc.reported the following data regarding costs and inventories for the current year: beginning work in process inventory,$4,000; beginning finished goods inventory,$2,000; cost of goods manufactured,$11,500; operating expenses,$3,000; ending finished goods inventory,$1,000; ending work in process inventory,$1,500.Cost of goods sold for Crane,Inc.equals ________.