Current Attempt in Progress

Crane Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of $2021$ was $$121000.$ The balance in the same account at the end of $2022$ is $$189000.$ Crane's Cost of Goods Sold account has a balance of $$939000$ from sales transactions recorded during the year. What amount should Crane report as Cost of Goods Sold in the $2022$ income statement?

$$1007000.$

$$871000.$

$$1128000.$

$$939000.$

Attempts: $0$ of $1$ used