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Part 3 Audit Working Papers (25 points) Indicate and briefly discuss any deficiencies in the working paper shown below. List each point separately, i.e. use

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Part 3 Audit Working Papers (25 points) 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 Unit Cost 6.29 Dinosaurs Dragons (X) Pink Purples Robins Chickadees Quantity 555 (A) 1,126 333 226 (A) 280 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 - - - - 2,520 $ 28,466.81 == == = This analysis is to provide some information about inventory. Explanatory legend A. Observed in warehouse and then noted on inventory count sheet during physical inventory. f. Footed

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