Which of the following auditing procedures most likely would provide assurance about a manufacturing entity's inventory valuation?
A. Vouching the raw materials' costs to vendors' invoices.
B. Obtaining confirmation of inventories pledged under loan agreements.
C. Reviewing shipping and receiving cutoff activities for inventories.
D. Tracing test counts to the entity's inventory listing.
Answer: Vouching the raw materials' costs to vendors' invoices
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