11. Determine the value of the following inventory for the Rainbow Gardens Emporium by using the lower-of-cost-or-market rule. lotal value of Inventory 8. The following data represent the inventory figures for 55 -gallon fish tanks at Something's Fishy. Something's Fishy 55-Gallon Fish Tanke Invantarer a. IIuw miany IIsn tanks did Something's Fishy have available for sale? b. Calculate the total cost 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. Calculate the dollar value of the 88 tanks by using the average cost method