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Calculate Desert Ending Inventory

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Question - Dasert Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases were $1,800,000 and sales were $3,000,000. December 31 inventory at year-end prices was $415,328, and the price index was 1.10. Calculate Desert's Ending Inventory. Round to the nearest dollar?

Reference no: EM132886217

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