Inventory Valuation Methods, health and medicine homework help

Healthcare organizations have many reasons to effectively manage their inventory, including implantable device tracking, investment protection and contract compliance. An effective inventory control system must in place in order to meet clinical and financial requirements.

Describe the two most commonly used inventory valuation methods. Explain how each method effects the financial statement of the organization. If you were the CFO of an organization, which method would you prefer and why?

At least 150 words. include references

 

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