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Unformatted text preview: footnote on methods applied inventory held as collateral must be disclosed W.R. Knechel Inventory Analysis Pi is incorrect Valuation Tests which involve dollars usually relate to valuation. Perpetual inventory observation 1) GAAP method? LIFO valuation improper, O/H improperly applied. 2) Consistently applied, 3)LCM Source documentation Obsolescence (Valuation) catalog observation rust dust damage spoilage age wear competition and technological obsolescence inquiry large inventory balance of a particular product knowledge of industry trends TDR-42...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08