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31. A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of the vendor and do not list the quantities of the material ordered. Using the purchase orders, the receiving department is most likely to detect: a. Deliveries for which no purchase order was issued b. Unapproved sales orders c. Partial deliveries d. Deliveries of a greater quantity of items than those ordered 32. To measure how effectively a client employs its assets, an auditor calculates inventory turnover by dividing the average inventory into: a. Net sales b. Cost of good sold c. Operating income d. Gross sales 33. A client uses a periodic inventory system. Lowing accounts at the point of sale?

 

Jan 06 2023 10:33 PM

1 Approved Answer

Jones G answered on January 08, 2023 4 Ratings (7 Votes) a. Deliveries for which no purchase order was issued b. Cost of goods sold It is unclear what... solution.pdf

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