You are assigned to audit inventory at Banlee Wholesale Company for the year ended December 31, 2014. Inventory is included in five inventory locations with the policy that every inventory item must be stored in at least two locations, but no more than three. The physical inventory count was done on December 30 and 31 at each location by a team of Banlee employees. One staff person from your CPA

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Audit memorandum on inventory count Audit of inventory count shall begin in first week of January Fo... View the full answer