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

question 77

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 material margin with the current year 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 inventory 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 A and E

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Definitions:

Adolescents

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A common and serious mental health condition marked by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

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The act of engaging in behaviors that have the potential to result in significant loss or gain, usually in pursuit of a perceived benefit.

17-Year-Old Boy

A male human who is seventeen years of age, typically considered to be in the late stages of adolescence.