Problem

K. Brown, CPA, was using monetary unit sampling (MUS) to audit an inventory of $3,000,000...

K. Brown, CPA, was using monetary unit sampling (MUS) to audit an inventory of $3,000,000 composed of 6,000 items. A sample size of 500 was determined and a tolerable misstatement of $20,000 was established. The sampling interval would be

A. $500.

B. $5,000.

C. $6,000.

D. $20,000.

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