Green CPA audited the inventory of ABC Company on a sample basis.Green audited a sample of 120 items and found a net overstatement of $600.The audited sample had a recorded value of $12,000.The entire inventory contained 2,400 items with a total book value of $280,000.The projected likely overstatement using the average difference method is ________.
A)$12,000
B)$14,000
C)$48,000
D)$56,000

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The Answer of Green CPA audited the inventory of ABC Company on a sample basis.Green audited a sample of 120 items and found a net overstatement of $600.The audited sample had a recorded value of $12,000.The entire inventory contained 2,400 items with a total book value of $280,000.The projected likely overstatement using the average difference method is ________.
A)$12,000
B)$14,000
C)$48,000
D)$56,000

Green CPA Audited the Inventory of ABC Company on a Sample