C-31-23-03JWPApple Blossom Cologne CompanyInventory Observation MemoDecember 31, 2002I arrived at the client's plant at 1308 Bee Hive Boulevard, Chicago, Illinois, at 8:00 AM on January 1, 2003, to observe the client's physical inventory. The plant was closed this day for the inventory counting. I reviewed the client's inventory instructions, which appeared adequate. I then observed the client personnel as they took a 100% inventory. I recorded test counts for later tracing to the client's final priced inventory (C-2). The client's housekeeping was good and the inventory neat and orderly to facilitate an accurate count. The client's plant is divided into two inventory areas: the main storeroom and the shipping dock. All inventory is received from vendors in 24-bottle cases. In my opinion, the client used good inventory
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