In a company with materials and supplies that include a great number of items, a fundamental deficiency in control requirements will be indicated if: 1. Cycle counts are used for physical inventory taking. 2. Minor supply items were to be expensed when acquired. 3. A perpetual inventory master file is not maintained for items of small value. 4. The storekeeping function were to be combined with production and record keeping. 1 O 2 0 3 0 4