View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. In its first month of operation, Splish Brothers Inc. purchased 300 units of inventory for $8, then 400 units for $9, and finally 340 units for $10. 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. Phantom profit $ 280 eTextbook and Media Save for Later Submit Answer Attempts: unlimited