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Assume your company uses a perpetual inventory system to control its operations. They only check inventory once every six months. At the 6-month physical count, an employee notices several inventory items missing and many damaged units. In the company records, it shows an inventory balance of $300,000. The actual physical count values inventory at $200,000. This is a significant difference in valuation and has jeopardized the future of the company.
problem 1: As a manager, how might you avoid this large discrepancy in the future? Would a change in inventory systems benefit the company? Be sure to describe the business and the merchandise in your post
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Compute the cost of the inventory on December 31, 2010, assuming that the inventory at retail is (a) $314,901 and (b) $390,711
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The production budget is 88,000 units. Inventories are expected to decrease by 9,200 units. What is the sales budget for the coming year
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