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Sheffield Corp. had January 1 inventory of $301000 when it adopted dollar-value LIFO. During the year, purchases were $1750000 and sales were $3060000. December 31

Sheffield Corp. had January 1 inventory of $301000 when it adopted dollar-value LIFO. During the year, purchases were $1750000 and sales were $3060000. December 31 inventory at year-end prices was $437310, and the price index was 113. What is Sheffield Corp.s ending inventory?

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