Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 517

Alice Rathermel audited LoHo Company's inventory using sampling. She examined 120 items from an inventory compilation list and discovered net overstatement of $480. The audited items had a book (recorded) value of $48,000. There were 1,200 inventory items listed, and the total recorded inventory amount was $490,000. What is the projected misstatement using mean-per-unit estimation?
A) $480
B) $576,000
C) $10,000
D) $480,000