In the Inventory Process,the Auditor Might Perform the Following Analytical

Multiple Choice

In the inventory process,the auditor might perform the following analytical procedures

A) Compare inventory balances by category - raw material,work-in-process,and finished goods - for the current year with the prior year.
B) Compare inventory purchases by category - raw material,work-in-process,and finished goods - for the current year with the prior year.
C) Compute gross margin for the current year and compare with the prior year.Investigate any unexpected changes in the ratio.
D) Compute cost of goods sold with the current year with the prior year.Investigate any unexpected changes in the ratio.
E) Compute raw material turnover.Compare the current year's turnover to the prior year.Investigate any differences.
F) both A and C
G) both B and D
H) both D and E