Exhibit 8-3

W.P. No
Accountant
Date
LAKESIDE COMPANY-RECEIVING & SHIPPING INVENTORY CUT-OFF
December 31, 2006
I. Receiving Reports ( week of 12/28/06-1/2/07)
R.R#
Cellular Phones
Speakers
Amplifiers
Televisions
Headphones
Portable CD Players

12/28/2006
12/28/2006
12/28/2006
1/1/2007
1/2/2007
1/2/2007

3987
3987
3987
3988
3989
3989

II. Bills of Lading (week of 12/28/06 - 1/2/07)

Shipped to
12/28/2006
Televisions
Customer
12/28/2006
Cellular Phones Customer
12/30/2006
Amplifiers
Store 4
12/30/2006
Amplifiers
Store 4
1/1/2007
Amplifiers
Customer
1/1/2007
Televisions
Customer
1/2/2007
Stereo Systems Customer
1/2/2007
Stereo Systems Customer
1/2/2007
Receivers
Customer
1/2/2007
Televisions
Customer
1/2/2007
Speakers
Store 1

Serial #
IB23-D
VD34-L
KZ54-T
JB45-H
KJ32-K
RX04-L

B.L #
6012
6013
6014
6014
6015
6015
6016
6016
6016
6016
6017

Exhibit 8-3 (contnued)

W/P F-2
CM
3/1/2007
LAKESIDE COMPANY-PHYSICAL INVENTORY TEST COUNTS-WAREHOUSE
DECEMBER 31, 2006
Inventory Items
Amplifiers
Televisions
Cellular Phones
Stereo Systems

Tag No
116
124
102
138

Serial No.
BC76-W
JB45-H
CB21-S
FU87-R

Quantity
22
69
80
60

Amplifiers
Speakers
Stereo Systems
CD Players
Receivers
Stereo Systems
DVD Players
Speakers
Head Phones
CD Players

130
150
127
142
113
126
104
137
147
132

KZ54-T
YG28-Y
RA69-M
RW21-X
NB73-X
JH88-A
CZ55-H
BF23-G
PO88-Q
CD00-N

88
71
99
49
112
77
46
8
49
121

Exhibit 8-4
F-1
CM

LAKESIDE COMPA
PHYSICAL INVENTORY - W
January 3, 2007

1/3/2007

ORY CUT-OFF

Quantity
75
40
50
20
40
10

Serial #
SA36-H
ZN56-M
XX99-T
BC76-R
XY76-R
BM09-H
AB15-M
JH88-A
CS33-P
AR65-C
BF23-G

Quantity
5
20
5
4
20
10
20
12
10
6
8

TAG
NUMBER
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140

DESCRIPTION
Cellular Phones
Cellular Phones
DVD Players
DVD Players
Cellular Phones
Receivers
Receivers
Receivers
Cellular Phones
Cellular Phones
Amplifiers
Receivers
Receivers
Televisions
Amplifiers
Amplifiers
Televisions
Televisions
Televisions
Cellular Phones
Cellular Phones
Speakers
Speakers
Televisions
Televisions
Stereo Systems
Stereo Systems
Stereo Systems
Stereo Systems
Amplifiers
Amplifiers
CD Players
Stereo Systems
CD Players
Stereo Systems
Stereo Systems
Speakers
Stereo Systems
CD Players
CD Players

141 Headphones
142 CD Players
143 DVD Players
144 DVD Players
145 DVD Players
146 CD Players
147 Headphones
148 Headphones
149 Speakers
150 Speakers
151 Headphones
152 Portable CD Players
TOTAL COST OF INVENTORY - JANUARY 3, 2007 Wareh

Exhibit 8-4
LAKESIDE COMPANY
PHYSICAL INVENTORY - WAREHOUSE
January 3, 2007
SERIAL
NUMBER
BV24-R
CB21-S
CB90-G
CZ55-H
CA35-T
JB43-A
LM12-T
CS33-P
RA01-O
IB23-D
XY76-R
FD23-Y
NB73-X
SA36-H
XX99-T
BC76-W
AR65-C
BD17-H
IU76-R
RA75-L
ZN56-M
VD34-L
WB11-T
JB45-H
BM09-H
JH88-A
RA69-M
XZ23-U
VC09-I
KZ54-T
KI34-Z
CD00-N
RT45-I
PH69-D
ND21-L
AB15-M
BF23-G
FU87-R
TU62-T
NB67-C

QUANTITY
68
80
125
46
61
77
105
6
139
128
48
86
112
2
29
22
2
52
22
146
89
85
47
69
3
77
99
62
46
88
26
121
5
2
104
36
84
60
87
4

COST/UNIT
32.30
181.18
62.00
206.98
120.00
319.95
234.65
698.98
96.95
88.20
219.95
146.99
445.70
366.00
540.00
688.32
1,319.00
1,261.98
129.89
21.98
54.99
123.40
56.75
481.87
812.35
324.00
365.00
130.00
210.34
269.99
412.88
148.50
165.98
188.20
285.50
256.98
469.00
225.60
61.00
85.32

TOTAL COST
2,196.40
14,494.40
7,750.00
9,521.08
7,320.00
24,636.15
24,638.25
4,193.88
13,476.05
11,289.60
10,557.60
12,641.14
49,918.40
732.00
15,660.00
15,143.04
2,638.00
65,622.96
2,857.58
3,209.08
4,894.11
10,489.00
2,667.25
33,249.03
2,437.05
24,948.00
36,135.00
8,060.00
9,675.64
23,759.12
10,734.88
17,968.50
829.90
376.40
29,692.00
9,251.28
39,396.00
13,536.00
5,307.00
341.28

TOTAL COST OF INVE

Less : Inventory Rece
(from Receiving Repo
Add : Inventory Shipp
(from Bills of Lading)
TOTAL COST OF INVE

Less : Adjustments fo

SUB TOTAL

Less : Adjustment for

TOTAL ADJUSTED CO
INVENTORY IN WAREH

INVENTORY ADJUSTM

BX08-W
98
RW21-X
49
HG87-X
127
DS45-W
114
MN78-Z
11
XW55-P
76
PO88-Q
49
KJ32-K
143
KM98-G
66
YG28-Y
71
UH76-E
3
RX04-L
10
ORY - JANUARY 3, 2007 Warehouse

63.22
165.90
74.75
110.50
98.97
109.98
88.97
32.00
81.40
274.95
51.98
285.99

6,195.56
8,129.10
9,493.25
12,597.00
1,088.67
8,358.48
4,359.53
4,576.00
5,372.40
19,521.45
155.94
2,859.90
664,950.33

Exhibit 8-5
LAKESIDE COMPANY
RECONCILIATION OF
PHYCICAL INVENTORY - WAREHOUSE
January 3, 2007
TOTAL COST OF INVENTORY - JANUARY 3, 2007 Warehouse
Less : Inventory Receiving on January 1 and January 2
(from Receiving Reports)
Add : Inventory Shipped out on January 1 and January 2
(from Bills of Lading)
TOTAL COST OF INVENTORY - DECEMBER 31, 2006 Warehouse
Less : Adjustments for Monthly Discounts Given by Cypress
Tag 113
Tag 123
Tag 132
Tag 146
Tag 149
SUB TOTAL

Discount
Discount
Discount
Discount
Discount

$
$
$
$
$

30,00 x 85 Items Purchased

8,25 x 40 Items Purchased
12,60 x 60 Items Purchased
11,50 x 80 Items Purchased
6,50 x 35 Items Purchased

Less : Adjustment for 3% Cash Discount Taken

on All Inventory Purchases
TOTAL ADJUSTED COST OF INVENTORY DECEMBER 31, 2006 - WAREHOUSE
INVENTORY IN WAREHOUSE PER PERPETUAL INVENTORY RECORD
INVENTORY ADJUSTMENT (REDUCTION)

664,950.33
(13,777.30)
40,205.90
691,378.93

(2,550.00)
(330.00)
(756.00)
(920.00)
(227.50)
686,595.43
(20,597.86)
665,997.57
(672,154.35)
(6,156.78)

Exhibit 8-4
LAKESIDE COMPANY
PHYSICAL INVENTORY - WAREHOUSE
January 3, 2007
TAG
NUMBER
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136

DESCRIPTI SERIAL
NUMBER
Cellular Phones
Cellular Phones
DVD Players
DVD Players
Cellular Phones
Receivers
Receivers
Receivers
Cellular Phones
Cellular Phones
Amplifiers
Receivers
Receivers
Televisions
Amplifiers
Amplifiers
Televisions
Televisions
Televisions
Cellular Phones
Cellular Phones
Speakers
Speakers
Televisions
Televisions
Stereo Systems
Stereo Systems
Stereo Systems
Stereo Systems
Amplifiers
Amplifiers
CD Players
Stereo Systems
CD Players
Stereo Systems
Stereo Systems

QUANTITY COST/UNIT
68
80
125
46
61
77
105
6
139
128
48
86
112
2
29
22
2
52
22
146
89
85
47
69
3
77
99
62
46
88
26
121
5
2
104
36

32.30
181.18
62.00
206.98
120.00
319.95
234.65
698.98
96.95
88.20
219.95
146.99
445.70
366.00
540.00
688.32
1,319.00
1,261.98
129.89
21.98
54.99
123.40
56.75
481.87
812.35
324.00
365.00
130.00
210.34
269.99
412.88
148.50
165.98
188.20
285.50
256.98

137 Speakers
84
469.00
138 Stereo Systems
60
225.60
139 CD Players
87
61.00
140 CD Players
4
85.32
141 Headphones
98
63.22
142 CD Players
49
165.90
143 DVD Players
127
74.75
144 DVD Players
114
110.50
145 DVD Players
11
98.97
146 CD Players
76
109.98
147 Headphones
49
88.97
148 Headphones
143
32.00
149 Speakers
66
81.40
150 Speakers
71
274.95
151 Headphones
3
51.98
152 Portable CD Players
10
285.99
TOTAL COST OF INVENTORY - JANUARY 3, 2007 Warehouse

TOTAL COST
2,196.40
14,494.40
7,750.00
9,521.08
7,320.00
24,636.15
24,638.25
4,193.88
13,476.05
11,289.60
10,557.60
12,641.14
49,918.40
732.00
15,660.00
15,143.04
2,638.00
65,622.96
2,857.58
3,209.08
4,894.11
10,489.00
2,667.25
33,249.03
2,437.05
24,948.00
36,135.00
8,060.00
9,675.64
23,759.12
10,734.88
17,968.50
829.90
376.40
29,692.00
9,251.28

39,396.00
13,536.00
5,307.00
341.28
6,195.56
8,129.10
9,493.25
12,597.00
1,088.67
8,358.48
4,359.53
4,576.00
5,372.40
19,521.45
155.94
2,859.90
664,950.33

Exhibit 8-2
LAKESIDE COMPANY
SAMPLE-INVENTORY TAG

INVENTORY TAG
No. 101
---------------------------------------------------------

No. 101
Item Description

Serial Number
Quantity
Unit of Measure
Counted By
Checked By

Exhibit 8-2
LAKESIDE COMPANY
AMPLE-INVENTORY TAG

INVENTORY TAG
No. 101

----------------------------

No. 101
:

:
:
:
:
:

LAKESIDE COMPANY-TEST OF INVENTORY LISTING-WAREHOU

DECEMBER 31, 2006
Inventory Items
Cellular Phones
DVD Players
Receivers
Amplifiers
Televisions
Stereo Systems
Stereo Systems
Amplifiers
CD Players
Speakers
Stereo Systems
CD Players
Head Phones
Speakers

Tag No
102
104
113
116
124
126
127
130
132
137
138
142
147
150

Serial No.
CB21-S
CZ55-H
NB73-X
BC76-W
JB45-H
JH88-A
RA69-M
KZ54-T
CD00-N
BF23-G
FU87-R
RW21-X
PO88-Q
YG28-Y

Quantity
80
46
112
22
69
77
99
88
121
84
60
49
49
71

Tujuan Audit:
Untuk memverifikasi bahwa perhitungan fisik yang telah diamati sesuai dengan daftar pers
Untuk memverifikasi bahwa daftar persediaan menyediakan biaya yang wajar

Cakupan : Item-item yang dipilih selama observasi persediaan. Lihat WP F-1 dan F-2.

Audit Procedure :
: Menelusur Daftar barang ada pada pencatatan persediaan perusahaan serta kuantitas se
: Menelusur barang persedian ke daftar harga per unit Master Price List Cypress
# : Mencocokkan tag number dengan serial number barang persediaan
Kesimpulan Audit : Daftar persediaan disajikan secara wajar.

Audit document No. N-3

Prepared by : PR 01/07//07
Reviewed by :

Y LISTING-WAREHOUSE
6
Cost per Unit
181.18
206.98
445.7
688.32
481.87
324
365
269.99
148.5
469
225.6
165.9
88.97
274.95

suai dengan daftar persediaan

yang wajar

WP F-1 dan F-2.

ahaan serta kuantitas sesuai.

List Cypress

Audit Procedure

LAKESIDE COMPANY-TEST OF INVENTORY CO

December 31, 2006
I. Receiving Reports ( January 1-2, 2007)
Date
1/1/2007
1/2/2007
1/2/2007
Total

Item
Televisions
Headphones
Portable CD Players

II. Bills of Lading (January 1-2, 2007 )

Date
Item
1/1/2007
Amplifiers
1/1/2007
Televisions
1/2/2007
Stereo Systems
1/2/2007
Stereo Systems
1/2/2007
Receivers
1/2/2007
Televisions
1/2/2007
Speakers
Total

Serial #
JB45-H
KJ32-K
RX04-L

Serial #
XY76-R
BM09-H
AB15-M
JH88-A
CS33-P
AR65-C
BF23-G

R.R#
3988
3989
3989

B.L #
6015
6015
6016
6016
6016
6016
6017

Tujuan Audit:
Memverifikasi bahwa rekonsiliasi dengan daftar persediaan disajikan secara wajar
Cakupan :
Semua item rekonsiliasi

Audit Procedure :
: Setuju dengan kuantitas dan deskripsi untuk WP F-1. Tidak ada catatan pengecualia
: Sesuai dengan Master Price List untuk mencatat deskripsi dan biaya unit Tidak ada
: Sesuai dengan dengan rekonsiliasi
Kesimpulan Audit : Rekonsiliasi persediaan barang telah disajikan secara wajar.

Audit document No. N-3

Prepared by : PR 01/07//07
Reviewed by :

Y-TEST OF INVENTORY COUNT

ember 31, 2006

Quantity
Unit Cost
20
481.87
40
32.00
10
285.99

Quantity
20
10
20
12
10
6
8

Total Cost
9,637.40
1,280.00
2,859.90
13,777.30

Audit Procedure

Unit Cost Total Cost

219.95
4,399.00
812.35
8,123.50
256.98
5,139.60
324.00
3,888.00
698.98
6,989.80
1,319.00
7,914.00
469.00
3,752.00
40,205.90

Audit Procedure

disajikan secara wajar

dak ada catatan pengecualian.

psi dan biaya unit Tidak ada catatan pengecualian.

ajikan secara wajar.

LAKESIDE COMPANY
RECONCILIATION OF
PHYCICAL INVENTORY - WAREHOUSE
January 3, 2007
TOTAL COST OF INVENTORY - JANUARY 3, 2007 Warehouse
Less : Inventory Receiving on January 1 and January 2
(from Receiving Reports)
Add : Inventory Shipped out on January 1 and January 2
(from Bills of Lading)
TOTAL COST OF INVENTORY - DECEMBER 31, 2006 Warehouse
Less : Adjustments for Monthly Discounts Given by Cypress
Tag
Tag
Tag
Tag
Tag

113
123
132
146
149

Discount
Discount
Discount
Discount
Discount

$
$
$
$
$

30,00 x 85 Items Purchased

8,25 x 40 Items Purchased
12,60 x 60 Items Purchased
11,50 x 80 Items Purchased
6,50 x 35 Items Purchased

SUB TOTAL
Less : Adjustment for 3% Cash Discount Taken
on All Inventory Purchases
TOTAL ADJUSTED COST OF INVENTORY DECEMBER 31, 2006 - WAREHOUSE
INVENTORY IN WAREHOUSE PER PERPETUAL INVENTORY RECORD
INVENTORY ADJUSTMENT (REDUCTION)
Tujuan Audit :
To verify that the inventory balance is valid and reasonable.
Cakupan :
The listing to the inventory balance reconciliation.
Prosedur :
@ Sesuai dengan persedian fisik gudang ( Exhibit 8-4 )
F : Footed
N-3 : Sesuai dokumen N-3

Kesimpulan Audit :
Persediaan disajikan secara wajar

W/P F-3
Prepared by : CM
Reviewed by :
Date :

664,950.33

(13,777.30) N-3
40,205.90 N-3
691,378.93 F

(2,550.00)
(330.00)
(756.00)
(920.00)
(227.50)
686,595.43 F
(20,597.86)
665,997.57 F
(672,154.35)
(6,156.78) F