Listed below are 17 steps of the audit plan for inventory pricing and compilation. Put them in order from 1 to 17.

A. For selected inventory items and categories, determine the replacement cost and the applicability of lower-of-cost-or-market valuation.

B. Confirm or inspect inventories held in public warehouses.

C. During the physical observation, be alert to notice damaged or scrap inventory.

D. Determine whether obsolete or damaged goods should be written down.

E. Recalculate the amount of intercompany profit to be eliminated in consolidation.during the physical observation, be alert to notice damaged or scrap inventory.

F. Trace test counts from inventory observation to the final inventory compilation.

G. Select a sample of inventory items. Vouch unit prices to vendors' invoices or other cost records. Recalculate the multiplication of units and price.

H. Inquire about inventory out on consignment and about inventory on hand that is consigned in from vendors.

I. Read bank confirmations, debt agreements, and minutes of the board, and make inquiries about pledge or assignment of inventory to secure debt.

J. Scan the inventory compilation for items added from sources other than the physical count and items that appear to be large round numbers or systematic fictitious additions.

K. Obtain the client's inventory listing and foot and agree it to the general ledger.

L. Recalculate the extensions and footings of the final inventory compilation for clerical accuracy. Reconcile the total to the adjusted trial balance.

M. Compare the listing of obsolete, slow-moving, damaged, or unsalable inventory from last year's audit to the current inventory compilation.

N. At year-end, obtain the numbers of the last shipping and receiving documents for the year. Compare these to the sales, inventory/cost of sales, and accounts payable entries for proper cutoff.

O. Scan the perpetual records for slow-moving items.

P. Obtain management representations concerning pledging of inventory as collateral, intercompany sales, and other related-party transactions.

Q. Inquire about obsolete, damaged, slow-moving, and overstocked inventory.