Discussion Questions (150 words each)

#1. Each department is responsible for inventory control. At your workplace or an organization with which you are familiar, what type of inventory method is utilized, last-in, first-out or first-in, first-out? What weaknesses have you encountered, if any? Explain your answer. List references if you use a source other than the text.

#2. What is the relationship between inventory and cost of goods sold by a pharmacy or medical supply business? Explain the depreciation concept. What items in a physician practice can be depreciated? What is the purpose.