two discussion qs 150 words each

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

#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?