What is Coronado Industries gross profit

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Problem - Coronado Industries had January 1 inventory of $292000 when it adopted dollar-value LIFO. During the year, purchases were $1840000 and sales were $2930000. December 31 inventory at year-end prices was $386280, and the price index was 111. What is Coronado Industries' gross profit?

Reference no: EM132826722

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