A)State seven specific balance-related audit objectives for inventory pricing and compilation and,for each objective,describe one common test of details of balances related to that objective.B)Explain why the audit of work-in-process and finished goods inventory is generally more complex than the audit of purchased inventory.

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The Answer of A)State seven specific balance-related audit objectives for inventory pricing and compilation and,for each objective,describe one common test of details of balances related to that objective.B)Explain why the audit of work-in-process and finished goods inventory is generally more complex than the audit of purchased inventory.

A)State Seven Specific Balance-Related Audit Objectives for Inventory Pricing and Compilation