Question: D. 672,000 648,000 is wrong. $ 56 Mean book value of items in sample: Mean audited value of items in sample:54 Mean book value of

 D. 672,000 648,000 is wrong. $ 56 Mean book value of

D. 672,000

648,000 is wrong.

$ 56 Mean book value of items in sample: Mean audited value of items in sample:54 Mean book value of items in population: $ 57 Number of items in population: 12,000 Using ratio estimation, the estimated total audited value is: (Round your intermediate calculations to the nearest dollar value.) Multiple Choice $636,632 $648,000 $659,571

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!