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Sanbor Corporation has an inventory of parts consisting of thousands of different items of small value individually, but significant in total. Sanbor could establish effective internal control over the parts requiring A. Approval of requisitioms for inventory parts by a company officer. B. Physical counts of the parts on a cycle basis rather than at year end. C. Segregation of the storekeeping function from the production and inventory recordkeeping functions. D. Maintenance of inventory records for all parts included in the inventory. |