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.

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.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.