NGreen,CPA,performed a Mean Per Unit Sampling Plan to Examine the Inventory

question 8

Multiple Choice

N.Green,CPA,performed a mean per unit sampling plan to examine the inventory balances of ABC Company.Green audited 120 items from a sample and found an audited value of $24,600.The sample had a recorded value of $30,000.If the entire inventory contained 2,400 items and the total recorded value of the inventory was $480,000,the estimated account balance using mean-per-unit estimation is

• A) $393,600.
• B) $474,500.
• C) $480,000.
• D) $492,000.

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Definitions:

Drinking

The act of consuming liquids; in the context of alcohol, it refers to the consumption of alcoholic beverages.

Hypothalamus

An area of the brain situated beneath the thalamus, which regulates the autonomic nervous system and the pituitary gland's operations, managing bodily functions such as body temperature, thirst, hunger, and various other systems that maintain internal balance.

Starve

To suffer or die from extreme or prolonged lack of food.

Medulla

A section of the brainstem involved in autonomic functions, such as breathing, heart rate, and blood pressure.