1. The Codfather is a fish market based out of Seattle, Washington.
On January 1, they purchased 10 pink salmon for $5 each. (Fish #1-10)
On January 5, they purchased an additional 10 pink salmon for $8 each. (Fish #11-20)
On January 10, they purchased an additional 10 pink salmon for $10 each. (Fish #21-30)
On January 12, a customer purchased 15 pink salmon from the Codfather for $20 each
(They chose fish #1-10, 11-14, and 21 - The customer felt that there was something fishy about #15-20).
a) What is the gross profit of the Codfather under each of the inventory costing method