OEM Inc. manufactures parts for various foreign and domestic vehicles. The auditor obtained the Consolidated Balance Sheet and started the Inventory Worksheet. Based on the information provided in the exhibits, determine the point estimate based on projecting the misstatements using: (1) Mean-per-Unit Estimation, (2) Ratio Estimation,(3) Difference Estimation.Enter the amount in the associated cells. Use exact numbers while performing the calculation and round the answer to the nearest dollar.

Consolidated Balance Sheet
OEM Inc. Consolidated Balance Sheet
(in millions)	December 31, Year 7
Assets
Cash	$ 2.5
Receivables, net	9.2
Inventories, net	3.5
Prepayments and other current assets	0.7
Assets held for sale	0.3
Total current assets	16.2
Property, plant, and equipment, net	13.1
Investments and other long-term receivables	2.5
Goodwill	8.6
Other intangible assets, net	2.3
Other non-current assets	2.1
Total assets	$ 44.7
Liabilities and Equity
Notes payable and other short-term debt	0.4
Accounts payable and accrued expenses	10.4
Income taxes payable	0.2
Liabilities held for sale	0.1
Total current liabilities	11.1
Long-term debt	9.6
Other non-current liabilities	6.5
Capital Stock	5.1
Retained earnings	14.6
Accumulated other comprehensive loss	(2.2)
Total equity	17.5
Total liabilities and equity	$ 44.7

Auditor Inventory Worksheet
Prepared by Auditor
Note:	To test the valuation of inventory, we conducted a sampling of 180 items from a population of 3,200 items. We included the first and last page due to the volume of information. See results below.
			A	B	C = A B
Sample No.	Item No.	Description	Book Value per Client	Audited Value	Difference
1	X12561	Power steering pump	1,000	1,000	-
2	A34899	Catalytic converter A	1,200	1,000	200
3	A12234	Catalytic converter	800	800	-
4	E87645	Alternator Y	950	950	-
5	E48908	Alternator	750	700	50
........................................................................................................................................................................
175	R56784	Supercharger	1,100	1,000	100
176	R12987	Supercharger X	1,300	1,200	100
177	W87654	Control arms	650	650	-
178	O98764	Brakes	300	250	50
179	I67549	Starter	400	400	-
180	J87389	Wheel hub	870	870	-
Total			185,000	180,000	5,000

A B B 1 Method of Projection Point Estimate 123 2 Mean-per-Unit Estimation 3 Ratio Estimation 123 123 4 Difference Estimation A B B 1 Method of Projection Point Estimate 123 2 Mean-per-Unit Estimation 3 Ratio Estimation 123 123 4 Difference Estimation