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Current Attempt in Progress In its first month of operation, Nash's Trading Post, LLC purchased 180 units of inventory for $8, then 280 units for
Current Attempt in Progress In its first month of operation, Nash's Trading Post, LLC purchased 180 units of inventory for $8, then 280 units for $9, and finally 220 units for $10. At the end of the month, 260 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ TA e Textbook and Media
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