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EP 10-05 Stratification Calculation of Projected Likely Misstatement Using the Ratio Method. (L06] The stratification calculation example in the chapter shows the results of calculating the projected likely misstatement using the difference method. Assume that the results shown in Exhibit EP 10 5 were obtained from a stratified sample. Required: Apply the ratio calculation method (error amount to recorded amount per stratum) to each stratum to calculate the projected likely misstatement (PLM). What is the PLM for the entire sample? (Negative amounts should be indicated by a minus sign. Do not round intermediate computations. Round your final answers to the nearest dollar amount.) Sample Results Stratum PLM 1 2 3 4 5 EXHIBIT EP 10-5 Projection of Misstatements SAMPLE RESULTS RECORDED POPULATION SIZE RECORDED AMOUNT MISSTATEMENT AMOUNT STRATUM AMOUNT SAMPLE 6 S100.000 6 $100,000 S (600) 30 75 068 23 21.700 (274) 168 75.000 9.476 (66) 342 75.412 22 7.692 1 (83) 910 74.512 23 1.973 1.506 S100.000 96 $137.341 501.005) EP 10-05 Stratification Calculation of Projected Likely Misstatement Using the Ratio Method. (L06] The stratification calculation example in the chapter shows the results of calculating the projected likely misstatement using the difference method. Assume that the results shown in Exhibit EP 10 5 were obtained from a stratified sample. Required: Apply the ratio calculation method (error amount to recorded amount per stratum) to each stratum to calculate the projected likely misstatement (PLM). What is the PLM for the entire sample? (Negative amounts should be indicated by a minus sign. Do not round intermediate computations. Round your final answers to the nearest dollar amount.) Sample Results Stratum PLM 1 2 3 4 5 EXHIBIT EP 10-5 Projection of Misstatements SAMPLE RESULTS RECORDED POPULATION SIZE RECORDED AMOUNT MISSTATEMENT AMOUNT STRATUM AMOUNT SAMPLE 6 S100.000 6 $100,000 S (600) 30 75 068 23 21.700 (274) 168 75.000 9.476 (66) 342 75.412 22 7.692 1 (83) 910 74.512 23 1.973 1.506 S100.000 96 $137.341 501.005)