Independent internal verification of inventory (i.e,proper segregation of duties) occurs when employees who

Ibrahimhamm

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2022-06-30

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issue raw materials obtain materials requisition for each issue and prepare daily totals of materials issued.
compare records of goods on hand with physical quantities do not maintain the records or have custody of the inventory
obtain receipts for the transfer of completed work to finished goods prepare a completed production report
are independent of issuing production orders update records from completed job cost sheets and production cost reports on a timely basis

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Ibrahimhamm

2022-06-30

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