When auditing inventory cost accounting, the auditor is concerned with all of the following except for
A) net realizable value.
B) unit cost records.
C) physical controls over inventory.
D) documents and records for transferring inventory.

Question

Quizplus · Accepted Answer

Net realizable value is more relevant to the valuation of inventory and its presentation in financial statements rather than the cost accounting process, which focuses on determining the costs associated with producing or purchasing inventory.

When Auditing Inventory Cost Accounting, the Auditor Is Concerned with All