An auditor is determining the appropriate sample size for testing inventory valuation using

MUS.

The population has

4 comma 3304,330

inventory items valued at

$ 12 comma 500 comma 000$12,500,000.

The tolerable misstatement is

$ 625 comma 000$625,000

at a

5 %5%

ARIA.

No misstatements are expected in the population. Calculate the preliminary sample size.

Select the formula, then enter the amounts and calculate the sample size. (Abbreviation used: TM = tolerable misstatement. Enter amounts in the formula to two decimal places, X.XX. Round your answer up to the nearest whole amount.)

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(Click the icon to view the table for determining the confidence factor.)