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primary objectives of inventory controls are: Calculating inventory turnover and days' sales in inventory. Safeguarding the inventory from damage or theft and reporting inventory accurately
primary objectives of inventory controls are: Calculating inventory turnover and days' sales in inventory. Safeguarding the inventory from damage or theft and reporting inventory accurately in the financial statements. Matching revenue and expense in the correct time period. Using LIFO and FIFO (or Weighted Average if necessary). None of the above
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