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Prepare audit documentation showing a systematic selection

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Reference no: EM131625902

Question: Sample Selection: Monetary Unit Sampling. You have been assigned to select an MUS sample from Whitney Company's detailed inventory records as of September 30. Whitney's controller gave you a list of the 23 different inventory items and their recorded book amounts. The senior accountant told you to select a sample of 10 dollar units and the inventory items that contain them.

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Required: Prepare audit documentation showing a systematic selection of 10 dollar units and the related logical units. Arrange the items in their numerical identification number order and use a random starting point at the 1,210th dollar.

Reference no: EM131625902

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