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Pharoah Company had a January 1 inventory of $303000 when it adopted dollar-value LIFO. During the year, purchases were $1780000 and sales were $2940000. December

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Pharoah Company had a January 1 inventory of $303000 when it adopted dollar-value LIFO. During the year, purchases were $1780000 and sales were $2940000. December 31 inventory at year-end prices was $374000, and the price index was 110 . What would be reported for Pharoah Company's ending inventory? $343700$340000$374000$333300

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