No mistakes seem to be present in the physical count of inventory. All count sheets were checked with Apollo’s Inventory Warehouse Report and the report was checked with the Inventory Status Report. Everything matched correctly. I sampled quite a few random selections from the recent invoices of our suppliers and checked them over with Apollo’s Inventory Status Report. Everything seemed to match. The status report tied directly to the Lead Schedule for inventory, and the Lead Schedule matched with the Trial Balance.
On the Inventory Lead Schedule for the year ended 2011 I did find that the Cost of Goods Sold taken out of the Reserve for Inventory Obsolescence account matched with the amount in Miscellaneous Income. You were wondering why the
On the Inventory Lead Schedule for the year ended 2011 I did find that the Cost of Goods Sold taken out of the Reserve for Inventory Obsolescence account matched with the amount in Miscellaneous Income. You were wondering why the