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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 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.
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.
Explanation
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Consider the table which shows inventory...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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