PPA 602 Assignment 2

FratBro23
Category:
Business & Finance
Price: $10 USD

Question description

I need a paper to be do for me....the paper must be original because my teacher runs paper through program called TURNITIN to verify original paper....this is the assignment:

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.


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Cornell University
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Related Business & Finance questions

12/27/2013
12/27/2013
12/27/2013
12/27/2013
12/27/2013
12/25/2013
12/24/2013

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors