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Coronado Industries had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1830000 and sales were $3070000. December 31

Coronado Industries had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1830000 and sales were $3070000. December 31 inventory at year-end prices was $388640, and the price index was 112. What is Coronado Industriess gross profit? please show work a. $1292640.

b. $1328640.

c. $1275000.

d. $2717360.

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