What is the inventory value at the end of the year assuming


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?

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Financial Management: What is the inventory value at the end of the year assuming
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