Hicksville's Department Store uses a perpetual inventory system. At year-end, the balance in the Inventory control account is $1,200,000. Assuming that the inventory records have been maintained properly, a year-end physical inventory:

A. Is unnecessary.

B. Is needed to establish the ending inventory, as the $1,200,000 balance in the Inventory control account represents the beginning inventory.

C. Probably will indicate more than $1,200,000 in merchandise on hand.

D. Probably will indicate less than $1,200,000 in merchandise on hand.

D