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In its first month of operation, Kuhlman Company purchased260units of inventory for $7, then360units for $8, and finally300units for $9. At the end of the

In its first month of operation, Kuhlman Company purchased260units of inventory for $7, then360units for $8, and finally300units for $9. At the end of the month,330units remained.

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

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