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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 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 avaliable for sale. $ (c) If physical inventory on December 31 showed 88 tanks on hand, calculate their dollar value by using Fifo. 5. (d) Calculate the value of the 88 tanks by using LFO (in \$). $ (e) Calculate the dollar value of the 88 tanks by using the average cost method (Round your answer to the nearest cent) 5
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