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Compute the amount of phantom profit using fifo

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In its first month of operation, Kuhlman Company purchased 370 units of inventory for $9, then 470 units for $10, and finally 410 units for $11. At the end of the month, 440 units remained.

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

Reference no: EM131789742

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