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Author Question: The audit of cost accounting begins with the internal transfer of assets from raw materials to ... (Read 41 times)

Dannyrod2

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Question 1

One of the auditor's primary concerns in verifying the transfer of inventory from one location to another is that
◦ recorded transfers exist.
◦ all actual transfers are recorded.
◦ the quantity, date, and description of all recorded transfers are accurate.
◦ All of these.

Question 2

The audit of cost accounting begins with the internal transfer of assets from raw materials to work-in-process to
◦ manufacturing overhead.
◦ finished goods inventory.
◦ the perpetual inventory master files.
◦ retail sales.


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Marked as best answer by Dannyrod2 on Aug 21, 2022

hiyayyay

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Dannyrod2

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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