Reconciling the open production cost reports to the work-in-process inventory control account is a procedure designed to test the control objective of ________.
A) environment
B) validity
C) completeness
D) authorization

Question

Quizplus · Accepted Answer

Reconciling the open production cost reports to the work-in-process inventory control account is a test for the completeness control objective. It ensures that all production costs are properly recorded and included in the inventory control account, providing a complete picture of the inventory's value.

Reconciling the Open Production Cost Reports to the Work-In-Process Inventory