A Grocery Store Audit
Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.
You learned in your Reading about the risks and internal control structure for inventory. Grocery stores present unique challenges with inventory. In addition to a high volume of transactions, there are also temperature and shelf-life considerations for certain items.
Discuss how you would approach an inventory audit of a grocery store and address the issues of
storage,
product expiration,
how you would “count” the inventory for items such as bulk peanuts, watermelons, etc.
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