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Compute the amount of phantom profit that would result if

Kuhlman Company purchased 150 units of inventory for $4, then 250 units for $5, and finally 190 units for $6. At the end of the month, 210 units remained.

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

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Accounting Basics: Compute the amount of phantom profit that would result if

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Accounting Basics: Compute the amount of phantom profit that would result if

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