The auditor objective "The major categories of inventories and their basis of valuation are adequately reported in the financial statements." is related to which Audit procedure:

a. Examine current vendor price lists.

b. Review drafts of the financial statements.

c. Select a sample of items during the physical inventory count and determine that they have been included on count sheets.

d. Select a sample of recorded items on count sheets during the physical inventory count and determine that items are on hand.

e. Select a sample of recorded items and examine supporting vendors' invoices, and contracts.