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Something's Fishy 55-Gallon Fish Tan ks lnvento Amount 1-Jan Beginning Inventory 42 units @ $38.00 12-Mar Purchase 80 units @ $36.50 19-Jul Purchase 125 units
Something's Fishy 55-Gallon Fish Tan ks lnvento Amount 1-Jan Beginning Inventory 42 units @ $38.00 12-Mar Purchase 80 units @ $36.50 19-Jul Purchase 125 units @ $39.70 2-Sep Purchase 75 units @ $41.75 Fish tanks available for sale Cost of tanks available for sale a. Howr many fish tanks did Something's Fishy have available for sale? b. What is the total cost of the tanks available for sale? c. If physical inventory on December 31 was 88 tanks on hand, what is the value of those tanks by using FIFO? Units Cost 1 Unit Total Value of tanks d. What is the value of the 88 tanks by using LIFO? Units Cost I Unit Total Value of tanks e. What is the value of the 88 tanks by using the average cost method? Note: Use Excel's Round function to round your average cost to the nearest cent. Average cost = Total value =
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