Failure to record inventory in the proper period can affect all of the following accounts except:
A. prepaid Expenses.
B. sales.
C. receivables.
D. cost of Goods Sold.
Answer: A
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A local children's boutique specializes in formal wear for young girls. It has recently hired a new seamstress. To assure the dresses have standard sizes, twenty samples of each 12 dresses that were labeled 3T were sampled
The average length from shoulder to hemline measured 21 inches with a range of 0.5 inches. A sample has just been taken with the following lengths: 21.25, 22.0, 21.5, 20.75, 21.25, 21.35, 21.35, 21.35, 21.35, 21.35, 21.35, and 21.35. Is the new seamstress performing at an acceptable quality level?