# Fifo and lifo | Business & Finance homework help

Get Custom Essay on Fifo and lifo | Business & Finance homework help

Let Our Team of Pofessional Writers Take Care of Your Paper.

FIFO and LIFO

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 as outlined in the approved APA style guide, and you must cite at least two scholarly sources in addition to the textbook

Calculate the price for this paper
Pages (550 words)
Approximate price: -

Try it now!

## Calculate the price for this paper

We'll send you the first draft for approval by at
Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

Best Quality Essays has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

## Essay Writing Services

At Best Quality Essays, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.