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Sandhill Company had a January 1 inventory of $303000 when it adopted dollar-value LIFO. During the year, purchases were $1840000 and sales were $2910000. December

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Sandhill Company had a January 1 inventory of $303000 when it adopted dollar-value LIFO. During the year, purchases were $1840000 and sales were $2910000. December 31 inventory at year-end prices was $435680, and the price index was 112 . What would be reported for Sandhill Company's ending inventory? $399320 $435680 $389000 $303000

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