Joe Smith, CPA, has randomly selected and audited a sample of 200 of Wil-Marts accounts receivable. Wil-Mart has 5,000 accounts receivable accounts with a total book value of $5,500,000. His sample results are as follows:

Average audited value $1,075

Average book value $1,120

Calculate the accounts receivable estimated audited value and projected misstatement using the:

1. Mean-per unit (Round final answers to whole dollar)

2. Ratio method (Round final answers to whole dollar)

3. Difference method (Round final answers to whole dollar)

	Auditor Estimated Value of Account	Overstated or Understated and by how much $ (Two Answers Here)
Mean Per Unit
Ratio Estimation
Difference Method