Answer......

Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 14 (using a 100% average misstatement assumption). The population has 4,330 inventory items valued at $2,940,000. The auditor will select the MUS sample from the 4,330 inventory items using systematic sampling. Assuming a random starting point of 121,860, identify the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Begin by identifying the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar? Cumulative dollar amounts Random dollar starting point 2nd sample dollar selected 3rd sample dollar selected 4th sample dollar selected 5th sample dollar selected How will the auditor determine the physical inventory items associated with each sample dollar? The selection of the first five sample items would be associated with a out of the The auditor would identify