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Review inventory transactions (Exhibit 17.1 on page 371) and discuss one best practice related to...

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Accounting

Review inventory transactions (Exhibit 17.1 on page 371) and discuss one best practice related to inventory transactions and share your thoughts on the advantages or disadvantages of implementing this process.

Exhibit 17.1 summary of inventory best practices: An example would be:

17-1 Audit bills of material

17-17 Eliminate the warehouse

17-18 Audit all Inventory transactions

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