Assignment #5 Inventory of Newsprint, Newsprint Consumption, and Publication Sales,

The deliverables for Assignment 5 are :

A completed audit program.

A work done memo summarizing the audit procedures

C1- priced inventory. Use this cross-reference to the test counts and to document price testing. Consider a supporting work paper (C-1a) to summarize the adjustments.

C1-b- voucher register supplement for inventory purchases. Use this for the price test, along with the applicable voucher and document by tracing four items to the voucher.

C-2 test counts to be cross-referenced to the priced inventory

C-3 test of Newsprint and Ink (account 811). Test for quantity and dollars.

C-4 test of Publication Sales (Account 721). hint. consider revenue information in the permanent file.

C 5 inventory observation memo.