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:

Marco has $38.43 dollars in his checking account. his checking account is linked to his amazon music account so he can buy music. the songs he purchases cost $1.29. part 1: write an expression to describe the amount of money in his checking account in relationship to the number of songs he purchases. part 2: describe what the variable represents in this situation.