Green,CPA,performed a Mean-Per-Unit Sampling Plan to Examine the Inventory Balances

Multiple Choice

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.