Anthony Davis Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases were $1,800,000 and sales were $3,000,000. December 31 inventory at year-end prices was $430,080, and the price index was 112. What is Anthony Davis Company's gross profit? $2,605,920 $1,330,380 $1,248,000 $1,294,080