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In its first month of operation, Blossom Company purchased 3 2 0 units of inventory for $ 9 , then 4 2 0 units for
In its first month of operation, Blossom Company purchased units of inventory for $ then units for $ and finally units for $ At the end of the month, units remained.
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.
Phantom profit $
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