Perpetual Inventory Master Files Maintained by Persons Who Do Not

question 37

Multiple Choice

Perpetual inventory master files maintained by persons who do not have custody of or access to assets are a useful cost accounting control, because:

• A) they are a record that can be used to pinpoint responsibility for custody when there are differences between physical counts and amounts shown on records.
• B) they provide a record of items on hand, which is used to initiate production or acquisition of additional materials or goods.
• C) they provide a record of the use of raw materials and sale of finished goods, which can be reviewed for obsolete or slow-moving items.
• D) all of the above

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Definitions:

Pathologic State

A condition or phase of disease differing from normal health due to the presence of pathological processes.

Decolorizer

A chemical used in staining procedures in microbiology to remove excess stain, helping differentiate between types of cells or parts of cells.

Ethanol

A volatile, flammable, colorless liquid commonly known as alcohol, used in beverages and as a solvent and antiseptic.

Females

This term denotes individuals of a species that are biologically characterized by the production of ova or eggs, distinct from males in sexual dimorphism.