Using MUS, an auditor determined the preliminary sample size for testing inventory valuation to be 50 (using a100% average misstatementassumption). The population has 4,060 inventory items valued at $12,000,000. The auditor will select the MUS sample from the 4,060 inventory items using systematic sampling. Assuming a random starting point of 101,230, identify the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sampledollar?

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 sampledollar?