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Waterway Industries had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1780000 and sales were $3100000. December 31

Waterway Industries had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1780000 and sales were $3100000. December 31 inventory at year-end prices was $432790, and the price index was 113. What is Waterway Industriess gross profit?

$2706210.

$1228000.

$1452790.

$1413790.

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