1233. Multiple Choice Questions a. An auditor most likely would make inquiries of production and sales personnel concerning possible obsolete inventory to address: (1) Valuation. (2) Rights. (3) Existence. (4) Presentation. b. An auditor selects items from the clients inventory listing and identifi es the items in the warehouse. This procedure is most likely related to: (1) Rights. (2) Completeness. (3) Existence. (4) Valuation. c. An auditor concluded that no excessive costs for an idle plant were charged to inventory. This conclusion is most likely related to presentation and disclosure and: (1) Valuation. (2) Completeness. (3) Existence. (4) Rights. d. During the inventory count an auditor selects items and determines that the proper description and quantity were recorded by the client. This procedure is most closely related to: (1) Rights. (2) Completeness. (3) Existence. (4) Valuation. e. An auditor most likely would analyze inventory turnover rates to obtain evidence about: (1) Existence. (2) Rights. (3) Presentation. (4) Valuation.