Current Attempt in Progress Cullumber Company had a January 1 inventory of $310000 when it adopted dollar-value LIFO. During the year, purchases were $1720000 and sales were $3040000. December 31 inventory at year-end prices was $377400, and the price index was 111. What is Cullumber Company's gross profit? O $1350300 $1353300 $2696700 O $1387400 e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer