The following data represent the inventory figures for 55-gallon fish tanks at an aquarium.   *Chart Attached*    (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. $____________

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.1: Ratios
Problem 21WE
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The following data represent the inventory figures for 55-gallon fish tanks at an aquarium.
 
*Chart Attached* 
 
(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.
$____________
 
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:
Transcribed Image 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:
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