Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 46

The following data represent the inventory Figures for 55-gallon fish tanks at Something's Fishy.

a. How many fish tanks did Something's Fishy have available for sale
b. Calculate the total cost 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.
e. Calculate the dollar value of the 88 tanks by using the average cost method.