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Bramble Corp. had January 1 inventory of $302000 when it adopted dollar-value LIFO. During the year, purchases were $1700000 and sales were $2920000. December 31

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Bramble Corp. had January 1 inventory of $302000 when it adopted dollar-value LIFO. During the year, purchases were $1700000 and sales were $2920000. December 31 inventory at year-end priceswas $423500, and the price index was 110 . What is Bramble Corp's gross profit? $2526700$1311300$1341500

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