inventory
timer20:00
Question 1 of 10
During a physical stock verification at a client warehouse, you find 200 units of finished goods lying in a corner marked 'Rejected - QC'. The store ledger still shows them as sellable inventory at full cost. What is the most appropriate audit action?
Flag them for valuation at net realisable value and check for provision for obsolescence
Include them at full cost as they are yet to be formally scrapped
Delete them entirely from the count sheet
Ignore them since they are physically present and counted