(Answered) In its first month of operation kuhlman company purchased

Accounting

In its first month of operation, Kuhlman Company purchased 320 units of inventory for $4, then 420 units for $5, and finally 360 units for $6. At the end of the month, 380 units remained.

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

I have been working on this problem for hours and my answer was $700 and that was incorrect.

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