After the physical inventory is completed
A) quantities are listed on inventory summary sheets.
B) quantities are entered into various general ledger inventory accounts.
C) the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets.
D) unit costs are determined by dividing the quantities on the summary sheets by the total inventory costs.

Question

Quizplus · Accepted Answer

After the physical inventory is completed, the quantities are typically listed on inventory summary sheets to document the count before any further processing or verification.

After the Physical Inventory Is Completed