55-Gallon Fish Tanks Inventory Amount January 1 Beginning Inventory 48 units @ $38.00 March 12 Purchase 70 units @ $36.50 July 19 Purchase 115 units @ $39.70 September 2 Purchase 85 units @ $41.75...

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

*Chart Attached*

(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).

$___________

55-Gallon Fish Tanks Inventory<br>Amount<br>January 1<br>Beginning Inventory<br>48 units @ $38.00<br>March 12<br>Purchase<br>70 units @ $36.50<br>July 19<br>Purchase<br>115 units @ $39.70<br>September 2<br>Purchase<br>85 units @ $41.75<br>Fish Tanks Available for<br>Sale:<br>Cost of Tanks Available for<br>Sale:<br>

Extracted text: 55-Gallon Fish Tanks Inventory Amount January 1 Beginning Inventory 48 units @ $38.00 March 12 Purchase 70 units @ $36.50 July 19 Purchase 115 units @ $39.70 September 2 Purchase 85 units @ $41.75 Fish Tanks Available for Sale: Cost of Tanks Available for Sale:

Jun 10, 2022

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55-Gallon Fish Tanks Inventory Amount January 1 Beginning Inventory 48 units @ $38.00 March 12 Purchase 70 units @ $36.50 July 19 Purchase 115 units @ $39.70 September 2 Purchase 85 units @ $41.75...

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