Inventory

Question 1

True or False: inventory can take place at Opening or at closing

Answer 1

True! - it MUST be indicated which one is done, but it does not matter when inventory is done

Question 2

Inital inventory

Answer 2

Done on the day the registrant first engages with controlled substances

(usually done on the first day of business)

Question 3

Biennial Inventory

Answer 3

Inventory MUST be done every 2 years

Some states may want it more often but 2 years is the minimum

Question 4

Inventory of Newly Controlled substances

Answer 4

Done when a medication is switched from non-controlled to controlled

MUST be done the day the switch occurs

Question 5

True or false: when dealing with stolen substances you first go to the last biennial inventory

Answer 5

True!

Question 6

True or false: you do not have to count an exact number of C-II

Answer 6

False! - all CII must have an exact number countTr

Question 7

True or False: you can estimate the amount of CIII-CV you have on hand

Answer 7

True-ish
You can estimate if the container contained 1000 units or less, but if there are more than 1000 units in the container it must be exactly counted

Question 8

What container size of CIII-CV can you estimate?

Answer 8

1000 units or less

Question 9

What container size of CIII-CV do you have to fully count?

Answer 9

1000 units or more