Marigold Corp. had January 1 inventory of $290000 when it adopted dollar-value LIFO. During the year

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Marigold Corp. had January 1 inventory of $290000 when it adopted dollar-value LIFO. During the year, purchases were $1850000 and sales were $3040000. December 31 inventory at year-end prices was $384060, and the price index was 111.

What is Marigold Corp.’s gross profit?

A) $2687840.

B) $1284060.

C) $1295000.

D) $1252160.