INTERNAL CONTROL PROCEDURES FOR INVENTORY AND COST OF GOODS SOLD. Safeway’s Los Altos, California, grocery store has two soft-drink machines, one inside and another outside, that produce approximately $100 per day per machine in revenues. It would be easier and less expensive if the store were to fill these two soft-drink machines from the store’s inventory that is primarily intended for sale to customers. However, the store’s accountant is concerned that using store inventories for this purpose will make it difficult to account accurately for cost of goods sold in the soft-drink area in the store and for revenue and costs associated with the softdrink machines. lol REQUIRED:

Propose some internal control procedures that could be used to mitigate the accountant’s concerns.