Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Indicate and briefly discuss any deficiencies in the working paper shown below. List each point separately, i.e. use asterisks. Emilyanne Company Inventory Schedule Item Quantity

image text in transcribed
image text in transcribed
Indicate and briefly discuss any deficiencies in the working paper shown below. List each point separately, i.e. use "asterisks". Emilyanne Company Inventory Schedule Item Quantity Dinosaurs Dragons (X) Pink Purples Robins Chickadees 555 (A) 1,126 333 226 (A) 280 Unit Cost 6.29 5.55 14.14 9.29 28.28 Total Cost $ 3,490.95 6,249.30 4,708.62 3,099.54 7,918.40 1 - 2,520 $ 28,466.81 Estimate of year 2 Actual Sales (Based on your "audit") Expected discrepancy {Discuss briefly) Recorded sales - Actual sales Indicate and briefly discuss any deficiencies in the working paper shown below. List each point separately, i.e. use "asterisks". Emilyanne Company Inventory Schedule Item Quantity Dinosaurs Dragons (X) Pink Purples Robins Chickadees 555 (A) 1,126 333 226 (A) 280 Unit Cost 6.29 5.55 14.14 9.29 28.28 Total Cost $ 3,490.95 6,249.30 4,708.62 3,099.54 7,918.40 1 - 2,520 $ 28,466.81 Estimate of year 2 Actual Sales (Based on your "audit") Expected discrepancy {Discuss briefly) Recorded sales - Actual sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Integrated Statements Approach

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

2nd Edition

324312113, 978-0324312119

More Books

Students also viewed these Accounting questions