Question: The following data represent the inventory figures for 5 5 - gallon fish tanks at an aquarium. 5 5 - Gallon Fish Tanks Inventory (
The following data represent the inventory figures for gallon fish tanks at an aquarium.
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 showed tanks on hand, calculate their dollar value by using FIFO.
$
d Calculate the value of the tanks by using LFO in $
$
e Calculate the dollar value of the tanks by using the average cost method Round your answer to the nearest cent$
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