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The hospital controller was reviewing the most current monthly supply expense for the month of...

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Accounting

The hospital controller was reviewing the most current monthly supply expense for the month of December. She noticed that supply expense seemed extremely high compared to historical trends. Assuming that the hospital applies the LIFO method for costing inventory answer the following:

Activity Units Price per Unit
Beginning Balance 12/1/18 500 12
December 7, Purchases 300 14
December 9, Purchases 800 15
December 19, Purchases 200 16
December 25, Purchases 200 18
Ending Inventory 12/31/18 800 ?

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