Audit procedures should be designed to accomplish specific audit objectives. Review the following inventory audit procedures and indicate which audit objectives are being accomplished and how.

a. Observe the taking of the client's physical inventory.

b. Account for the sequence of inventory tags and trace each tag to the physical inventory listing.

c. Compare the unit prices on the client's final inventory listing with vendor invoices.

d. Inquire of management as to obsolete goods.

e. Test the receiving cutoff to determine that all goods on hand are included in the final inventory listing.

f. Confirm inventory held by a public warehouse.