The 1,000 accounts receivable of Baker Company have a total book value of $30,000 (Average book value = $30) .Wendy Duffo,CPA,has selected and audited a sample of 50 accounts with the following mean values:
1.Book value of $29.00
2.Audited value of $29.50.
-What is the estimated total audited value using mean-per-unit sampling?
A) $29,000.
B) $29,500.
C) $30,500.
D) $30,517.
Correct Answer:
Verified
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