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What is the gross profit of the codfather

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Reference no: EM131816886

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

Reference no: EM131816886

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