In this class we began our discussion of inventories. Let's extend the discussion by examining some...

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In this class we began our discussion of inventories. Let's extend the discussion by examining some practical implications of the concepts we learned. Before inventory purchases are recorded, the receiving report should be reconciled to what documents? Please briefly explain. In this class we began our discussion of inventories. Let's extend the discussion by examining some practical implications of the concepts we learned. Before inventory purchases are recorded, the receiving report should be reconciled to what documents? Please briefly explain.