Which of the following audit procedures probably would provide the most reliable evidence related to the entity$$s assertion of rights and obligations for the inventory account?

Multiple Choice

Select the last few shipping advices used before the physical count and determine whether the shipments were recorded as sales.

Trace test counts noted during physical count to the summarization of quantities.

Inspect the open purchase order file for significant commitments to consider for disclosure.

Inspect agreements for evidence of inventory held on consignment.