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In addition, when WJC reconciles the annual physical inventory to its perpetual inventory records, it should verify that all required information is listed for its fixed assets and update all listings with missing information.
66 is mainly due to a combination of ahead-of-plan sales and merchandise gross margin in August and September, as well as slightly better-than-expected shortage results from our annual physical inventory in September.
It is advisable to use mobile technology to simplify and speed up routine inventory counts, but annual physical inventory checks can help catch or prevent fraud.
Instead, our annual physical inventory was a time-consuming manual process once a year.
For instance, the annual physical inventory verification of the Wylfa magnox reactor in north Wales revealed "the absence of an irradiated fuel element.
Accuracy of inventory counts is now up to a level where the division has been able to replace an annual physical inventory with a cycle-counting system.
04 is being driven by a combination of ahead-of-plan sales and merchandise gross margin performance in August and September as well as much better-than-expected shortage results from our annual physical inventory in September.
Such risk factors include, but are not limited to, changes in economic conditions that affect consumer spending, changes in the competitive environment, changes in accounting rules and regulations, year-end audit adjustments and the results of the Company's annual physical inventory.