Which of the Following Auditing Procedures Most Likely Would Provide

Multiple Choice

Which of the following auditing procedures most likely would provide assurance about a manufacturing entity's assertion of valuation and allocation of inventory?

A) Testing the entity's computation of standard overhead rates.
B) Obtaining confirmation of inventories pledged under loan agreements.
C) Reviewing shipping and receiving cut-off procedures for inventories.
D) Tracing test counts to the entity's inventory listing.