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 44units @ $38.00

March 12 Purchase 70units @ $36.50

July 19 Purchase 135units @ $39.70

September 2 Purchase 85units @ $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).

$__________________