1 .List at least two (2) things you would check during the process before recording the purchase.

2 organisational procedures/practices relating to inventory record keeping or inventory management that may be documented in an organisation'spolicies/procedures manual

3 5.Identify three (3) allowable methods of valuing inventory: Note: The first method has been listed for you. You are to add the remaining 2 allowable valuation methods in column one. In column two explain the key features of each of the three valuation methods i.e. explain specifically how the inventory gets valued under the respective valuation methods and any assumptions the valuation method makes about the flow of the inventory