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In its first month of operation, Kuhlman Company purchased170units of inventory for $8, then270units for $9, and finally210units for $10. At the end of the

In its first month of operation, Kuhlman Company purchased170units of inventory for $8, then270units for $9, and finally210units for $10. At the end of the month,240units remained.

Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

What is the Phantom profit?

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