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Bonita Industries had January 1 inventory of $293000 when it adopted dollar-value LIFO. During the year, purchases were $1860000 and sales were $2960000. December 31

Bonita Industries had January 1 inventory of $293000 when it adopted dollar-value LIFO. During the year, purchases were $1860000 and sales were $2960000. December 31 inventory at year-end prices was $429400, and the price index was 113.

What is Bonita Industries's ending inventory?

$429400.

$380000.

$293000.

$391310.

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