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
Correct Answer:
Verified
Correct Answer:
Verified
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