Question

question 5 (2.5 points)
the formula of adding the beginning inventory for a period to the ending inventory for a period and dividing by two is for calculating

average inventory
average cost
average point-of-sale
inventory errors

question 6 (2.5 points)
what is simply a list of items that the pharmacist or technician needs to order?

closed book
open book
need book
want book

Explanation:

Analyze Question 5

Using the Pharmacy Financial Metrics knowledge point

$$ \text{Average Inventory} = \frac{\text{Beginning Inventory} + \text{Ending Inventory}}{2} $$

Analyze Question 6

Using the Want Book knowledge point

• A want book is a log where out-of-stock or low-stock items are recorded to be ordered.

Answer:

Question 5

• average inventory (Correct answer)
• average cost
• average point-of-sale
• inventory errors

Question 6

• closed book
• open book
• need book
• want book (Correct answer)