An audit basically consists of having the auditor form an opinion regarding management's financial statement assertions. the auditor therefore develops general and specific program steps to apply to the accounts and transactions. in a particular case, s/he might do this by: a. tracing sales invoices to shipping documents to tests the completeness of reported sales. b. tracing shipping documents to sales invoices to test the occurrence of reported sales. c. tracing sales invoices to shipping documents to test the occurrence of reported sales. d. tracing sales invoices to shipping documents to test the completeness of recorded accounts receivable.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)