A physical count of inventory should be completed at least damage, and errors. O once per month once per quarter O once per year once every two years to track inventory shrinkage due to theft, A Which of the following amounts would be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is $130 and the current replacement cost is $120? O $250 O The average of $120 and $130 O $130 O $120