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.