Week 3 Assignment 2.doc - Page 1 of 8 HCA 312 WEEK 3...

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Page 1 of 8 HCA 312 - WEEK 3 ASSIGNMENT ENTER YOUR NAME IN THE BOX ABOVE INVENTORY CONCEPT & DEPRECIATION METHODS INSTRUCTIONS: You should review Chapter 9 before completing the template. Refer to the Week 3 Assignment directions within the course to understand what is expected in each row of the table below. Detail for each section is required. If you include enough detail for each section, the template document will be at least eight pages in length, which meets the paper length requirements. Include APA citations within the Response Column where appropriate. List your references in APA format on the last row of this template. All citations and references must be in APA style according to the Ashford Writing Center guidelines. Once you complete the template, upload the document to the Week 3 Assignment section of the course. PART I: INVENTORY CONCEPTS AND CALCULATIONS REQUIRED ELEMENTS RESPONSE In your own words, discuss the inventory concept. Michael Hookfin
List an example of a hospital inventory item. Describe how this item moves from inventory to
COGS (Cost of Goods Sold). HCA312 9/11/2019
Page 2 of 8 Cost of Goods is the direct cost attributed to the production of goods sold by a company. The amount includes the cost of the materials and direct labor costs to make the product.

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