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	Quantity		Unit Cost	Total Cost
Dinosaurs	555	(A)	6.29	$ 3,490.95
Dragons (X) Pink Purples	1,126 333		5.55 14.14	6,249.30 4,708.62
Robins	226	(A)	9.29	3,099.54
Chickadees	280		28.28	7,918.40
	2,520			$ 28,466.81
	===== f			=========

This analysis is to provide some information about inventory.

Explanatory legend

1. Observed in warehouse and then noted on inventory count sheet during physical inventory.

f. Footed.

Answers:

Deficiencies are:

* Heading Missing Balance Sheet Date.