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# \$10.00Analyze the following scenario: The Hosp

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• Due on Jan. 11, 2012
• Asked on Jan. 08, 2012 at 07:55:33AM

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Q:
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 your analysis of which method is best for this scenario in a Word document not to exceed two pages. Submit to your instructor both your Excel sheet and your two page Word document.

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\$10.00
Analyze the following scenario: The Hosp: correct answer under both LIFO and FIFO methods in excel sheet
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• Posted on Jan 08, 2012 at 12:14:26PM
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A:
Preview: ... duction with current sales revenue.  Unlike FIFO or AVERAGE METHOD, the use of LIFO method during the period of rising prices   CONCLUSION: As per  my analysis LIFO method  is the best method of finding inventory  for th ...

The full tutorial is about 125 words long plus attachments.

Attachments:
HOPITALS FIFO AND LIFO MINVENTORY CALULATIONS .xlsx (10K)

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The Hospital for Ordinary Surgery FIFO and LIFO: COMPLETE WITH THE WORD DOC REQUIRED FILE: GUARANTEED ORIGINAL!!!
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• Posted on Jan 08, 2012 at 1:37:04PM
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Rating (924):A+