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in the first month of ioeration, novak corp. purchased 250 units of inventory for $10, then 350 for $11, and finally 290 units for $12.
in the first month of ioeration, novak corp. purchased 250 units of inventory for $10, then 350 for $11, and finally 290 units for $12. at the end of the month 330 units remained
compute the amount of phantom profit that would result if the company used FIFO rather than LIFO
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