9-22The firm of Le and Lysius was conducting the audit of Coomes Molding Corporation for the fiscal yearended October 31. Michelle Le, the partner in charge of the audit, decides that MUS is the appropriatesampling technique to use in order to audit Coomes' inventory account. The balance in the inventoryat October 31 was $4,250,000. Michelle has established the following: risk of incorrect acceptance =5% (i.e., the desired confidence level of 95%), tolerable misstatement = $212,500, and expectedmisstatement = $63,750. Required:a. Calculate the sample size and sampling interval. b. Hon Zhu, staff accountant, performed the audit procedures listed in the inventory audit programfor each sample item. Using the sample size computed in part (a), calculate the upper limit on misstatement based on the following misstatements (on the next page). What should Honconclude about Coomes' inventory account? Error Number Book Value Audit Value1 $ 6,000 $ 1,0002 24,000 9,000 3 55,000 5,000