Multiple Choice
A client's inventory is recorded at $600,000 and is comprised of 1,000 items.The auditors examined a sample of items with a recorded balance of $100,000 and determined an audited value of $90,000.What is the estimated audited value for inventory?
A) $90,000
B) $540,000
C) $590,000
D) $666,666
Correct Answer:
Verified
Correct Answer:
Verified
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