The physical inventory count is not needed to validate Cost of Goods Sold.

Name: The physical inventory count is not needed to validate Cost of Goods Sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The physical inventory count is typically necessary to validate the Cost of Goods Sold. It is used to determine the actual quantities of inventory on hand and to reconcile any discrepancies between recorded inventory levels and actual inventory levels. This is important in accurately calculating the cost of goods sold for a given period.

The Physical Inventory Count Is Not Needed to Validate Cost