Hello Im stuck with this. I need help ASAP. I need to turn in I-3,I-4, I-5

Audit Program for Inventory Pricing Audit Objectives: Valuation Accuracy Sea Gull Airframes Inc. 12/31/2016 Inventory Procedure 1) Recompute the extended pricing 2) Verify pricing is reasonable by vouching pricing on inventory items to invoices. (Ignore purchase discounts) 3) Recompute inventory using FIFO cost flow assumption in a periodic inventory system. 4) Examine invoices to determine if further testing is required for lower of FIFO cost or net realized value rule. 5) Review freight-in charges determine if these charges have been properly capitalized to inventory. 6) Determine if items are properly classified as inventory. 7) Compare the dates of inventory purchases to the year-end physical of inventory items (units) to determine slow-moving merchandise which may indicate obsolescence. 8) 9) Document a clear, concise comment for each inventory item investigated which would include if further testing is necessary. Based on errors identified in your audit procedures, compute the projected misstatement on the population using the projected misstatement workpaper. 10) Document a clear, concise conclusion for this audit section. PREPARED BY: REVIEWED BY: 1-3 Prepared by WP Ref