Question: Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 15 (using a 100% average misstatement assumption). The population has

Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 15

(using a 100% average misstatement assumption). The population has 4,060 inventory items valued at $3,450,000. The auditor will select the MUS sample from the 4,060 inventory items using systematic sampling. Assuming a random starting point of 127,800, 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 ..........

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