Assume several auditors selected various unrestricted, unstratified random samples from a population of 1,200 customers' accounts receivable with a recorded value of $480,000. The results of their tests are shown in the table below.
Projected Likely Misstatement
Overstatement (Understatement)
Required:
For each of the sample sizes, calculate the projected likely misstatement (PLM) using (1) average difference method, and (2) the Dollar Unit Sample method. Treat each case independently. Round the PLM solutions to the nearest dollar.

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The Answer of Assume several auditors selected various unrestricted, unstratified random samples from a population of 1,200 customers' accounts receivable with a recorded value of $480,000. The results of their tests are shown in the table below.
Projected Likely Misstatement
Overstatement (Understatement)
Required:
For each of the sample sizes, calculate the projected likely misstatement (PLM) using (1) average difference method, and (2) the Dollar Unit Sample method. Treat each case independently. Round the PLM solutions to the nearest dollar.

Assume Several Auditors Selected Various Unrestricted, Unstratified Random Samples from a Population