MARKRICH SPORTWORLD, INC.

D
INVENTORY CH
31 Des 19X2

Per Buku Final

No Adj.
Ref 31 Des 19X2 31 Des 19X2
Akun
D K D K D K
107 Persediaan D4 $ 492,345 $ 492,345
108 Persediaan konsinyasi D7 $ 7,655 $ 7,655

Total persediaan D4 $ 500,000 $ 500,000 TB-1

Sesuai dengan pemahaman atas pengendalian internal

dan permintaan pelaksanaan tes audit maka opini saya
untuk Persediaan adalah wajar tanpa pengecualian
pada 31 Desember 19x2
 MARKRICH SPORTSWORLD, INC D3
Observation of Physical Inventory CH
December 31, 19X2

On December 20, 19X2, I received the client’s written inventory instruction for the physical counts taken December
31, 19X2. Mr. Pay (Controller) and Ms. Money (Treasurer) discussed procedures for the physical counts with
employees on December 28. On December 31, the store was closed at 11:00 a.m. to facilitate the counting and
control over year end shipments and receipts of inventory. The majority of the merchandise was carefully arranged,
stacked, or placed in boxes for efficient counting. Prenumbered duplicate inventory tags were placed on all items.
Count teams consisting of two employees each systematically recorded the quantities on the tags which were then
collected before the second teams verified the quantities. Quantities were summarized on a mater inventory control
list.

While observing the physical inventory procedures, I made test counts of selected merchandise (Schedule). Test
items were selected from the client’s completed inventory list and counted in the storage areas.
Other test counts were made from the physical storage areas.
The following transaction cut-off data was obtained on December 31, 19X2:
Last regular check # used 1,720 v
Last purchase order # used 749 v
Last sales invoice # used 1,511 x
Last credit memo # used 324 v
Last receiving report # used 1,433 n

Employees making the counts appeared familiar with the merchandise and v
conscientious in their counts. Each
inventory area was reviewed by the controller before the second count teams completed their coverage.
Their did not appear to be any significant merchandise which might be obsolete except for some sweat shirts which
had printed insignias.v The controller indicated thet there was some inventory out on consignment.

v Agreed to last entries in journals CH

n Traced to receiving department records CH
x Traced to sales journal; cut off error was detected. See confirmation
from May Drugs. CH
 MARKRICH SPORTSWORLD, INC. D4
INVENTORY SUMMARY CH
31 Des 19X2

Reserved Actual Number

Total Cost of
Category Description Numbering of Different
Investment
Sequence Items

Apparel 0001-0099 75 n $ 34,131 √

Sporting Equipment 0100-0249 109 n $ 143,782 √

Exercise Equipment 0250-0300 31 n $ 37,225 √

Outdoor Equipment 0301-0499 82 n $ 136,452 √

Water Sports 0500-0599 53 n $ 64,429 √

Games 0600-0699 29 n $ 12,747 √

Gloves and Shoes 0700-0799 81 n $ 47,569 √

Assorted Items 0800-0899 40 n $ 16,010 √

Consigned Merchandise 0900-0999 10 $ 7,655 √

Total persediaan setelah penyesuaian $ 500,000

D
√ Sesuai dengan total untuk kategori persediaan individu atas daftar persediaan akhir CH
n Sesuai dengan persediaan fisik counts tag CH

Persen dari persediaan dan HPP :

Persediaan $ 500,000
=
HPP $ 529,100
= 95%
 MARKRICH SPORTSWORLD, INC. D-5
EXERCISE EQUIPMENT CH
31 Des 19X2
Item
Description Quantity Unit Cost Total Cost
Number

250 3 Speed Bike - mens 17 √ $ 130 n $ 2,210

251 - ladies 16 √ $ 120 n $ 1,920
252 - boys 20 √ $ 110 n $ 2,200
253 - girls 24 √ $ 100 n $ 2,400
254 Exercise Bike - standard 10 √ $ 90 n $ 900
255 - deluxe 13 √ $ 100 n $ 1,300
256 - superdeluxe 14 √ $ 110 n $ 1,540
257 Rower Exerciser 17 √ $ 95 n $ 1,615
258 Exercise Lounge 14 √ $ 210 n $ 2,940
259 Exercise Mat 65 √ $ 30 n $ 1,950
260 Massage Belt 40 √ $ 25 n $ 1,000
261 Ankle Weights 30 √ $ 35 n $ 1,050
262 Barbells 25 √ $ 30 n $ 750
263 Barbell Curl Bar 12 √ $ 15 n $ 180
264 Chest Exerciser 10 √ $ 45 n $ 450
265 Weight Bench - standard 8 √ $ 70 n $ 560
266 - deluxe 12 √ $ 90 n $ 1,080
267 Incline Press Bench 16 √ $ 55 n $ 880
268 Leg Lift Bench Adapter 7 √ $ 22 n $ 154
269 Free Weights for Bars - 25 lbs 20 √ $ 15 n $ 300
270 - 50 lbs 17 √ $ 30 n $ 510
271 - 100 lbs 27 √ $ 45 n $ 1,215
272 Wrist Weights 30 √ $ 20 n $ 600
273 Medicine Balls 10 √ $ 28 n $ 280
274 Punching Bag Set - Regular 7 √ $ 47 n $ 329
275 - deluxe 11 √ $ 67 n $ 737
276 Exercise Wheel - regular 9 √ $ 111 n $ 999
277 - deluxe 18 √ $ 127 n $ 2,286
278 Exercise Machine - regular 6 √ $ 210 n $ 1,260
279 - deluxe 13 √ $ 230 n $ 2,990
280 Exercise Ropes 80 √ $ 8 n $ 640
Total kategori persediaan $ 37,225

√ Kuantitas di count tags yang ditelusuri dari daftar persediaan akhir CH

n Unit cost telah sesuai dengan katalog dan faktur dari vendors CH
 MARKRICH SPORTSWORLD, INC. D6
INVENTORY TEST COUNTS CH
31 Des 19X2

ITEM DESCRIPTION QUANTITY UNIT TOTAL

COST COST
109 Bowling balls super deluxe 24 √ $ 28 n $ 672
126 soccer balls - deluxe leather 90 √ $ 29 n $ 2,610
113 footballs - deluxe leather 44 √ $ 26 n $ 1,144
28 quilted jacket 21 √ $ 35 n $ 735
33 soccer shirts - long sleeves 72 √ $ 21 n $ 1,512
502 fishing roods - deluxe heavy weight 21 √ $ 38 n $ 798
703 jogging shoes - boys 60 √ $ 25 n $ 1,500
721 bowling shoes - mans 48 √ $ 27 n $ 1,296
355 field glasses - wide angel 15 √ $ 53 n $ 795
374 rifle scope - variable deluxe 16 √ $ 69 n $ 1,104
322 hnters knife 19 √ $ 24 n $ 456
541 scubba - tank 15 √ $ 70 n $ 1,050
24 canauflage suit - mans 36 √ $ 68 n $ 2,448
252 3-speed bikes - boys 20 √ $ 110 n $ 2,200
253 3-speed bikes - girls 24 √ $ 100 n $ 2,400
277 exercise wheel - deluxe 18 √ $ 127 n $ 2,286
258 exercise lounge 14 √ $ 210 n $ 2,940
364 sleeping bag - super deluxe 17 √ $ 39 n $ 663
616 croguet set - standard 10 √ $ 25 n $ 250
188 tennis rackets - fiberglass 60 √ $ 72 n $ 4,320
211 tennis rackets - wood deluxe 55 √ $ 69 n $ 3,795
212 tennis rackets - graphit 71 √ $ 82 n $ 5,822
230 lacquet ball - rackets - deluxe 65 x $ 58 n $ 3,770
266 weight bench - deluxe 12 √ $ 90 n $ 1,080
610 billiard table 4 √ $ 410 n $ 1,640
133 baseball gloves - regular 45 √ $ 43 n $ 1,935
143 shoulder pads - regular 16 √ $ 30 n $ 480
148 shoulder pads - super deluxe 14 √ $ 38 n $ 532
817 stop watches - regular 35 √ $ 22 n $ 770
279 expander machine - deluxe 13 √ $ 230 n $ 2,990
191 snow skis - ladies deluxe 23 √ $ 128 n $ 2,944
194 snow skis - mans regular 28 √ $ 111 n $ 3,108
195 snow skis - child deluxe 23 √ $ 101 n $ 2,323
total cost of test counts $ 62,368
test counts (cost) as % of
 total inventory 12.5%

√ Sesuai dengan persediaan count tags dan daftar persediaan akhir CH

n Seuai dengan daftar persediaan akhir dan daftar harga vendor CH
x item count differed by three units difference was due to simmiliar item being mixed.
Pengecualian ini tidak material CH
 MARKRICH SPORTSWORLD INC. D7
PERSEDIAAN YANG DIKONSINYASI CH

speciality products co.

north city, virginia 27m
Febuary 20, 19x3

Lacey and Lewis, CPAs

8000 review avenue
richmond, virginia 27777

Gentelment:

Dalam merespon permintaan markrich sportsworld, inc. kami melaporkan secara

langsung kepada anda bahwa kami menahan konsinyasi pada 31 Des 19x2 kuntitas
persediaan sebagai berikut :

Item item no quantity unit cost total cost

Bowling balls - regular 107 (901) 20 n $ 22 √ $ 440
Basket shoes - boys 761 (902) 40 n $ 25 √ $ 1,000
tennis rackets - regular 187 (903) 60 n $ 20 √ $ 1,200
skate boards -regular 166 (904) 30 n $ 18 √ $ 540
tennis shoes - boys 719 (905) 40 n $ 21 √ $ 840
football - deluxe 113 (906) 30 n $ 17 √ $ 510
jackets - women ski 058 (907) 35 n $ 30 √ $ 1,050
football helmets 154 (908) 30 n $ 15 √ $ 450
pellet guns 362 (909) 25 n $ 25 √ $ 625
basketballs - deluxe 104 (910) 50 n $ 20 √ $ 1,000
total $ 7,655
D

kami menerima 10% komisi atas penjualan eceran. Pada tanggal 31 Des 19x2.
kami berhutang $400 kepada markrich.

Joe Morris
speciality products co.

nomor konsinyasi ditunjukkan dalam tanda kurung

n Sesuai dengan pencatatan detil persediaan CH
√ Sesuai dengan katalog pemasok dan faktur CH