Problem 4 Determine whether the following statements regarding inventory guidelines are true or false. 1. Expensive items should be inventoried daily. 2. Inventory should be kept in a locked storeroom, and every employee should have a key to access it. 3. Inventory control forms should be made ahead of time so that when the inventory is checked periodically, the process will go smoothly. 4. Inventory records should be kept by an accountant who does not have access to the physical inventory 5. The controller should be notified if there is a significant underage or overage in the inventory. 6. The custodian of the inventory should have access to the inventory records so he or she can be sure that the actual inventory matches the records