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Crane Company had a January 1 inventory of $296000 when it adopted dollar-value LIFO, During...

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Accounting

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Crane Company had a January 1 inventory of $296000 when it adopted dollar-value LIFO, During the year, purchases were $1730000 and sales were $2930000. December 31 inventory at vear-end prices was $435480, and the price index was 114 . What would be reported for Crane Company's ending inventory? $296000$382000$435480$394040

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