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

question 67

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

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Definitions:

Urinary Catheter

A tube inserted into the bladder through the urethra to drain urine from the body when normal urination is not possible.

Intravenous Catheter

A tube inserted into a vein used for the delivery of fluids, medication, or nutrients directly into the bloodstream.

Centers For Disease Control And Prevention (CDC)

A national public health institute in the United States, focused on preventing and controlling disease, injury, and disability.

Sterile Asepsis

Practices aimed at eliminating all microorganisms in a medical or surgical setting to prevent infection.