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Oriole Company had January 1 inventory of $305000 when it adopted dollar-value LIFO. During the...

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Accounting

Oriole Company had January 1 inventory of $305000 when it adopted dollar-value LIFO. During the year, purchases were $1790000 and sales were $2960000. December 31 inventory at year-end prices was $443460, and the price index was 114. What is Oriole Companys ending inventory?

A. $389000.

B. $400760.

C. $305000.

D. $443460.

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