Question: Beginning inventory is 1 0 0 0 units which cost $ 2 5 each. During the month, 4 0 0 0 units were purchased for

Beginning inventory is 1000 units which cost $25 each. During the month, 4000 units were purchased for $29 each. 3600 units were sold for $60 each. How much more (less) would income be if perpetual FIFO was used rather than periodic LIFO?

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