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Mathematics, 07.10.2021 19:40 harrypottergeek31

In its first month of operation, Vaughn Manufacturing purchased 320 units of inventory for $8, then 420 units for $9, and finally 360 units for $10. At the end of the month, 400 units remained.
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.
Phantom profit:

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