What is Crane's net income in 2022. Assume a 35% tax rate in all years.

Net Income $________.

 

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Crane Company began operations in 2020 and adopted weighted-average pricing for inventory. In 2022, in accordance with other companies in its industry, Crane changed its inventory pricing to FIFO. The pretax income data is reported below. Year Weighted-Average FIFO 2020 $387.100 $402.400 2021 392,500 422.000 2022 430,800 463,500 Crane Company began operations in 2020 and adopted weighted-average pricing for inventory. In 2022, in accordance with other companies in its industry, Crane changed its inventory pricing to FIFO. The pretax income data is reported below. Year Weighted-Average FIFO 2020 $387.100 $402.400 2021 392,500 422.000 2022 430,800 463,500

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