The Safeguarding of Inventory Most Likely Includes

Multiple Choice

The safeguarding of inventory most likely includes

A) Comparison of the information contained on the purchase requisitions, purchase orders, receiving reports, and vendors' invoices.
B) Periodic reconciliation of detailed inventory records with the actual inventory on hand by taking a physical count.
C) Analytical procedures for raw materials, goods in process, and finished goods that identify unusual transactions, theft, and obsolescence.
D) Application of established overhead rates on the basis of direct labor hours or direct labor costs.