Send to Gradebook Next > Question 11 View Policies Current Attempt in Progress In its first month of operation, Metlock, Inc. purchased 250 units of inventory for $11, then 350 units for $12, and finally 290 units for $13. At the end of the month, 330 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom proft 5 Question 11 View Policies Current Attempt in Progress In its first month of operation, Whispering Winds Corp. purchased 180 units of inventory for $7, then 280 units for $8, and finally 220 units for $9. At the end of the month, 260 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profits