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In its first month of operation, Swifty Corporation purchased 270 units of inventory for $8, then 370 units for $9, and finally 310 units for $10. At the end of the month, 350 units remained.

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

Phantom profit= ?

Sagot :

bojanahrnjez

Answer:

$640

Step-by-step explanation:

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