The following data represent the inventory figures for 55-gallon fish tanks at an aquarium.

55-Gallon Fish Tanks Inventory

			Amount
January 1	Beginning Inventory	46 units @ $38.00
March 12	Purchase	70 units @ $36.50
July 19	Purchase	115 units @ $39.70
September 2	Purchase	65 units @ $41.75
Fish Tanks Available for Sale:		Cost of Tanks Available for Sale:

(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 cent).

$