Question: Complete the inventory tasks below by using the information provided in the exhibits : In column B, quantify the required adjustment, if any, to the

Complete the inventory tasks below by using the information provided in the exhibits:

  1. In column B, quantify the required adjustment, if any, to the product line in the perpetual inventory system.
  • Enter increases to the perpetual inventory listing as positive whole dollars.
  • Enter decreases to the perpetual inventory listing as negative whole do
  • If no adjustment to the perpetual inventory listing is required, enter a zero (0).
  1. In column C, select the justification for the required audit adjustment, or the reason why no audit adjustment is required, by selecting from the option list provided. A justification is once, more than once, or not used at all.

Assume that there is only one reason for each product line discrepancy

Choices for the Justification

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