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Beta Foods Beta Foods is suspected of inventory manipulation. The inventory account shows $1,800,000. Physical inventory count indicates $1,500,000. $100,000 worth of inventory was damaged
Beta Foods
- Beta Foods is suspected of inventory manipulation.
- The inventory account shows $1,800,000.
- Physical inventory count indicates $1,500,000.
- $100,000 worth of inventory was damaged and not written off.
- $50,000 in inventory was stolen.
Requirement: Determine the correct inventory value and describe the types of inventory manipulation found.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259728877, 1259728870, 978-1259565403
