Question

An audit is being made of the accounts of ABLE Company   at December 31,2017.  The following merchandise inventory lists were   given to you:
Item	Quantity	Unit   Cost	Amount
Aye	341	Php 0.60	Php  204.60
Bye	90	4.5	405
Cye	25	11.2	280
Dye	115	(dozen) 0.85	97.75
Eye	810	0.18	1,458.00
Fye	37	1.72	63.64
Gye	174	2.05	356.7
Hye	21	6.39	134.19
Iye	276	0.55	151.8
Jye	41 (dozen)	1.9	77.9
Kye	70	3.6	252
Lye	108 (dozen)	9.67	1,044.36
			Php 5,525.94
A   comparison of the quantities in the inventory with those on the original tags   used in making the count disclosed that item Eye should be 180 units instead   of 810 units and Hye should be 29 units instead of 21 units. Quantities of   the other items in the inventory were in agreement with the quantities on the   inventory tags.
Market   prices of the closing date were as follows:
Item	Market   Prices	Item	Market   Prices
Gye	Php       1.80	Aye	Php            0.50
Hye	6.4	Bye	5.4
Iye	0.55	Cye	11.05
Jye	22.20/dozen	Dye	0.90/dozen
Kye	2.6	Eye	0.19
Lye	9.5	Fye	1.72
Required:
1.   Prepare Audit Working Paper showing the Peso Value of the following errors:   1) quantity, 2) pricing, 3) Extension, 4) Footing
2.   Prepare a corrected inventory schedule
3.   Reconcile your findings in No. I, II and the inventory per client.
AUDIT   WORKING PAPER
Item	Quantity	Pricing(LCNRV)	Extension	Per   record
PAJE: