Which of the following are situations where estimates of inventory, rather than a physical count of inventory, may be desirable? (Select all that apply.) Check All That Apply Avoiding the expense of a physical inventory count Avoiding the expense of a physical inventory count Determining the cost of inventory that has been lost, destroyed or stolen Determining the cost of inventory that has been lost, destroyed or stolen Estimating inventory and cost of goods sold for interim financial reports Estimating inventory and cost of goods sold for interim financial reports When the person in charge inventory is on an extended leave of absence When the person in charge inventory is on an extended leave of absence When an official government entity, such as the Internal Revenue Service, has asked for substantiation of inventory at a specific location