Workpaper · Westbrook Distribution
WP-2042 — Inventory LCM analysis
Lower-of-cost-or-market testing on slow-moving and obsolete inventory. 4 product lines.
Status
Prepared for review
Owner
Maya Chen
Submitted
May 15, 2026
Review due
May 20, 2026
Acceptance criteria
What the client signs off against. Required before submit.
LCM test on 4 lines, write-down adjustments identified and proposed.
Versions (2)
Every submission creates a new version. Reviewers can compare deltas between versions.
- v2 · Revisions incorporating reviewer notes.May 16, 2026 7:00 PM · Draft
- v1 · Initial submission with sample selection + workpaper detail.May 16, 2026 7:00 PM · Draft
Comments (1)
Discussion thread. Client team members can comment but cannot accept.
- Maya Chen · May 15, 2026 7:00 PMSubmitted for review — sample selection complete, exception evaluation done.
Open redlines (0)
Specific change requests on the current version. Practitioner must resolve before next submission.
- Hank Mendez · May 11, 2026 7:00 PM · resolvedAged inventory threshold of 180 days inconsistent with prior-year engagement (was 120 days). Document rationale.