Hartman Associates was conducting the audit of Ledcke Corp for the fiscal year ended December 31st. Dan Hartman, the partner in charge of the audit, decides that MUS is the appropriate sampling technique to use in order to audit Ledcke's inventory account. The balance in the inventory account at December 31st was $2,325,000. Dan has established the following: desired confidence level of 95%, tolerable misstatement =$116,250 and expected misstatement =$23,250. Using the sample size you determine, Chris Weaver, staff accountant, performed the audit procedures listed in the inventory audit program for each sample item. Calculate the projected misstatement and upper limit on misstatement based on the following misstatements. What should Chris conclude about Ledcke's inventory account? Hartman Associates was conducting the audit of Ledcke Corp for the fiscal year ended December 31st. Dan Hartman, the partner in charge of the audit, decides that MUS is the appropriate sampling technique to use in order to audit Ledcke's inventory account. The balance in the inventory account at December 31st was $2,325,000. Dan has established the following: desired confidence level of 95%, tolerable misstatement =$116,250 and expected misstatement =$23,250. Using the sample size you determine, Chris Weaver, staff accountant, performed the audit procedures listed in the inventory audit program for each sample item. Calculate the projected misstatement and upper limit on misstatement based on the following misstatements. What should Chris conclude about Ledcke's inventory account