23 PY WP C-3 Inventory Obs Memo

23 PY WP C-3 - C 3 JWP December31,2002 Iarrivedattheclient',Chicago,Illinois,at8:00AM

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C-3 1-23-03 JWP Apple Blossom Cologne Company Inventory Observation Memo December 31, 2002 I 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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This note was uploaded on 10/09/2010 for the course FINANCE fin646 taught by Professor Marry during the Spring '10 term at College of the Bahamas.

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