A: Finish the partially completed Calculation of Projected Misstatement

B: Prepare a Calculation of Upper Misstatement Limit

C: State your evaluation of the sampling results

Sample Size and Sampling Interval Information Recorded factory equipment additions $9,000,000 Risk of incorrect acceptance 15.00% Tolerable misstatement $450,000 (5% of recorded additions) Expected misstatement $180,000 (2% of recorded additions) Sample size used 87 (rounded up from 86.4) Sampling interval $103,000 (rounded down from $103,448) Sampling Interval Projected Misstatement Invoice Number Vendor 372134 Loxley Machine Works, Ltd. 1778927 Gerald Equipment and Parts, Inc. 3668498 Cradle Corporation 9873625 Johnson's Welding and Machining 10224680 Laidlow Parts and Repairs Calculation of Projected Misstatement Misstatement Tainting % Book Value Audit Value (BV-AV) (BV-AV)/BV $166,580 $152,060 $14,520 $2,360 $0 $2,360 $98,530 $96,000 $2,530 $15,570 $15,000 $570 $28,790 $28,000 $790 $20,770