What is the difference between LIFO and FIFO inventory Methods?

HEALTHCARE FINANCIALS
June 7, 2019 Off All,

https://youtu.be/ZihWEVWCJYk Directions: After reading Chapter 8: Cost Behavior and Break-Even Analysis, Chapter 9: Understanding Inventory Depreciation Concepts and watching the video on “Break Even Point (Analysis) easily explained”, complete the following questions. A) Answer the following questions below. The minimum word count for all four initial post questions (total) to the discussion board question(s) should be a min. of 400 words or more (excluding reinstatement of the discussion board questions and references). 1) Do you believe that contribution margins can help you manage in your present work? In the future? How? 2) As future Healthcare Administrators, how do you think you can use (utilize) break-even analysis within the workplace? 3) What is the difference between LIFO and FIFO inventory Methods? 4) If you were giving the job as supervisor at large healthcare facility managing scientific equipment, describe in detail how you will deal with inventory. -Post an example inventory document (i.e., link, pdf, word doc.,etc.) and or link to a software inventory program you would use to keep track of all scientific equipment and explain your reasoning of choice. -Your experiences may be very helpful and interesting to all of us. However, be sure that you also back up your posts with factual information from the text (when it applies to the initial discussion board question (s) and responses to peers) or other credible sources. A minimum of one reference is required to support your response to the discussion question . You may cite the course required textbook and or other sources in which you have used content from. Make sure your references are in APA format.