A Client's Inventory Is Recorded at $300,000 and Is Comprised

question 79

Multiple Choice

A client's inventory is recorded at $300,000 and is comprised of 1,000 items.If auditors examined a sample of 200 items and found a total misstatement of $20,000 (overstatement) ,what is the estimated audited value for inventory?

• A)$20,000
• B)$100,000
• C)$200,000
• D)$400,000

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