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The K University Hospital uses pharmaceuticals for their patients.They started the year on January 1, with an inventory of 1,000 doses of an antibiotic drug
The K University Hospital uses pharmaceuticals for their patients.They 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 they purchased another 300 doses for $21 each.From January 3 through June 30 they used 800 doses.On July 1 they bought 500 more doses at $23 each.From July 2 through the end of the year they used 400 doses.What is the inventory value at the end of the year, assuming FIFO?What is the value assuming LIFO?
plz..TT
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