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The following data represent the inventory figures for 55-gallon fish tanks at an aquarium. 55-Gallon Fish Tanks Inventory January 1 March 12 July 19 September 2 Fish Tanks Available for Sale: (a) How many fish tanks did the aquarium have available for sale? fish tanks $ Beginning Inventory Purchase Purchase Purchase (b) Calculate the total cost (in $) of the tanks available for sale. 48 units @ $38.00 90 units @ $36.50 115 units @ $39.70 85 units @ $41.75 Cost of Tanks Available for Sale: (d) Calculate the value of the 88 tanks by using LIFO (in $). $ (c) If physical inventory on December 31 showed 88 tanks on hand, calculate their dollar value by using FIFO. $ $ Amount (e) Calculate the dollar value of the 88 tanks by using the average cost method (Round your answer to the nearest cent).

The following data represent the inventory figures for 55 -gallon fish tanks at an aquarium. 55-Gallon Fish Tanks Inventory (a) How many fish tanks did the aquarium have available for sale? fish tanks (b) Calculate the total cost (in \$) of the tanks available for sale. $ (c) If physical inventory on December 31 showed 88 tanks on hand, calculate their dollar value by using FIFO. (d) Calculate the value of the 88 tanks by using LIFO (in \$). (e) Calculate the dollar value of the 88 tanks by using the average cost method (Round your answer to the nearest cer

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