The 1000 accounts receivable of Winco Company have a total book value of $20,000 (Average book value = $20) .Bob Duffo,CPA,has selected and audited a sample of 50 accounts with the following mean values:
1) Book value of $19.
2) Audited value of $19.60.
What is the estimated total audited value using mean per unit sampling?
A) $19,000.
B) $19,600.
C) $20,000.
D) $20,632.
Correct Answer:
Verified
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