The 1000 accounts receivable of Winco Company have a total book value of $20,000 (Average book value

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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?

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Nov 30, 2017 12:29 AM

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The 1000 accounts receivable of Winco Company have a total book value of $20,000 (Average book value

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Principles of Auditing and Other Assurance Services

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