You are auditing the financial statements of a cosmetics distributor that sells thousands of individual items. The
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You are auditing the financial statements of a cosmetics distributor that sells thousands of individual items. The distributor keeps its inventory in its distribution center and in two public warehouses. At the end of each business day, it updates its inventory file, whose records contain the following data:
Item number Cost per item Item description Date of last purchase Quantity-on-hand Date of last sale Item location Quantity sold during year
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Related Book For
Accounting Information Systems
ISBN: 9781292220086
14th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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