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In its first month of operation, Cullumber Company purchased 2 5 0 units of inventory for $ 1 2 , then 3 5 0 units
In its first month of operation, Cullumber 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. The company uses the periodic system.
Phantom profit $
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