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In its first month of operation, Kuhlman Company purchased400units of inventory for $9, then500units for $10, and finally440units for $11. At the end of the

In its first month of operation, Kuhlman Company purchased400units of inventory for $9, then500units for $10, and finally440units for $11. At the end of the month,460units remained.

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

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