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need help with this question please I cannot figure it out In its first month of operation, Kuhlman Company purchased 190 units of inventory for
need help with this question please I cannot figure it out
In its first month of operation, Kuhlman Company purchased 190 units of inventory for $9, then 290 units for $10, and finally 230 units for $11. At the end of the month, 250 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profit $ 500Step by Step Solution
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