-11 Question 7 of 12 View Policies Current Attempt in Progress In its first month of operation, Teal Mountain Company purchased 98 units of inventory for $6, then 196 units for $7, and finally 130 units for $8. At the end of the month, 180 units remained. The company uses the periodic method. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit