Order now

Analyze the following scenario: The Hospital for Ordinary Surgery uses pharmaceuticals for its patients.  It started the year on January 1, with an inventory of 1,000 doses of an antibiotic drug that cost $17 per dose.  On January 2, it purchased another 300 does for $21 each. From January 3 through June 30 it used 800 doses. On July 1, it bought 500 more doses at $23 each.  From July 2 through the end of the year it used 400 doses.  What is the inventory value at the end of the year, assuming FIFO?  What is the value assuming LIFO?  Clearly label the calculations of the inventory amounts using Excel.  Use formulas to calculate the FIFO and LIFO inventories and format the cells to insert a comma if there is more than three numbers and round to the nearest whole number.

Explain the advantages and disadvantages of FIFO and LIFO inventory methods and evaluate the best inventory method is best for this scenario.

Submit to your instructor your two to three page Word document (not including the title and reference pages) and your Excel worksheet. Your paper should be formatted according to APA style and cite at least two scholarly sources.

Place a similar order with us or any form of academic custom essays related subject and it will be delivered within its deadline. All assignments are written from scratch based on the instructions which you will provide to ensure it is original and not plagiarized. Kindly use the calculator below to get your order cost; Do not hesitate to contact our support staff if you need any clarifications.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:

Whatever level of paper you need – college, university, research paper, term paper or just a high school paper, you can safely place an order.