Which of the following is least likely to be a possible cause of book-to-physical differences in inventory quantities?
a) Inventory cutoff errors.b) Misapplication of LIFO.
c) Unreported scrap or spoilage.
d) Theft.
Which of the following is least likely to be a possible cause of book-to-physical differences in inventory quantities?
b) Misapplication of LIFO.
c) Unreported scrap or spoilage.
d) Theft.