Which of the following is not a legitimate business reason for taking a physical inventory? O To determine cost of goods sold O To check the accuracy of the perpetual inventory records O To verify the profitability of individual inventory items O To determine if any inventory has been lost from waste, shoplifting, or employee theft

Which of the following is not a legitimate business reason for taking a physical inventory? To determine cost of goods sold To check the accuracy of the perpetual inventory records To verify the profitability of individual inventory items To determine if any inventory has been lost from waste, shoplifting, or employee theft