The safeguarding of inventory most likely includes

Are you having trouble answering the question “The safeguarding of inventory most likely includes”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

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.

Answer: Periodic reconciliation of detailed inventory records with the actual inventory on hand by taking a physical count

We hope you have got the correct answer to your question “The safeguarding of inventory most likely includes”, which was part of Accounting MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *