What changes, if any, would you suggest in internal controls and procedures for Martin Manufacturing during the compilation of next year’s inventory to prevent each type of misstatement?
As a part of your clerical tests of inventory for Martin Manufacturing, you have tested about 20 percent of the dollar items and have found the following exceptions: 1. Pricing errors: Description Quantity Price Actual Price Wood 920 board feet $ 0.32/board foot $ 0.22/board foot Metal-cutting tools 49 units 300.00 each 30.00 each Cutting […]