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02-01-2023
Business

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When the rotund company decided to adopt the dollar-value lifo method it had a january 1 inventory of $180,000. the purchases for that year amounted to $1,080,000 with sales totaling $1,800,000. the price index was 110 and the december 31 inventory at year end prices was $227,700. what would the gross profit for this company be

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