Problem 9-46 [LO 9-7, 9-8]

Scott Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Marts accounts receivable. Will-Mart has 3,000 accounts receivable accounts with a total book value of $3,950,000. Duffney has determined that the accounts tolerable misstatement is $1,200,000.

His sample results are as follows:

Average audited value	$	1,310
Average book value		1,318

Required:

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

		Estimated Audited value	Projected Misstatement
a	Mean-Per-Unit Method
b	Ratio Method
c	Difference Method