Rf company had january 1 inventory of 150000 when it

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RF Company had January 1 inventory of $150,000 when it adopted dollar-value LIFO. During the year, purchases were $900,000 and sales were $1,500,000. December 31 inventory at year-end prices was $215,040, and the price index was 112. What is RF Company's gross profit?

Reference no: EM13604036

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