Discussion Questions (150 words each) Post as an attachment. No Plagiarism Please.
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.
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?