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Next, judgmentally sample a number of unit costs from recent invoices and tie them to the Inventory Status Report.
I only need help with this part: Next, judgmentally sample a number of unit costs from recent invoices and tie them to the Inventory Status Report.Also, it needs to be added from the following information:MEMORANDUMTo: Darlene WardlawFrom: Team CDate: 2-6-2008Re: Inventory ObservationsIndividuals were broken up into count teams and given instructions. These instructions were outlined with specific procedures to be followed detailing how to fill out the count sheet, make proper identification of each item, account for items that have been counted for, and then sign off on the count sheet before submitting it to the inventory manager. All members of the Apollo counting teams followed the procedures outlined in the inventory count instructions sheet handed to each count team.I observed no sales or no movement of inventory during the entire process. Random samples were taken to insure that boxes actually contained the items that they were labeled for and were not empty. Comparison of purchase invoices revealed that only three shipments have been received in the last several months. Verification of counts proved to be accurate with no discrepancies. The inventory clerk and the inventory manager handled proper authorization and they ran tests of counts through the computer to detect and variances. Any variances discovered were rectified accordingly.Identify the following items as an AMT adjustment to taxable income (A), a tax preference item (P), or neither (N):a. Percentage depletion in excess of a property’s adjusted basis at the end of the tax year.b. The Sec. 179 expense and first-year MACRS depreciation claimed on a machine costing$200,000 and placed in service in the current year.c. The difference between gain on the sale of the asset in Part b for taxable income purposes andalternative minimum taxable income purposes.d. Tax-exempt interest earned on State of Michigan private activity bonds.e. Tax-exempt interest earned on State of Michigan general revenue bonds.f. 75% of the excess of adjusted current earnings (ACE) over preadjustment AMTI.Pb. Ac. Ad. PE. Af. 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