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Remaining Time: 54 minutes, 43 seconds Question Completion Status Le (CPA) was conducting the audit of Coomes Molding Corporation for the fiscal year ended October

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Remaining Time: 54 minutes, 43 seconds Question Completion Status Le (CPA) was conducting the audit of Coomes Molding Corporation for the fiscal year ended October 31, Lc, the partner in charge of the sudit, decides that Monetary-Cinit Sampling is the appropriate sampling technique to use in order to audit Coomes inventory account. The balance in the inventory at October 31 was 54,250,000. Le has established the following The desired confidence level of 95%, tolerable misstatement 5212.500, and expected misstatement #563,750. The sumple size is equal to 106-inventory items Required A. How much is the sampling interval? b- Using the following table: Error number Misstatement Factor Basic precision 3 1.7 1.5 1.4 How much is the upper misstatement limit based on the following errors? Error number Book value $6,000 $1,000 2 $24.000 $9,000 $55.000 $5,000 C-What is your overall decision concerning inventory account and explain why? Audit value 1 SEAN OWN Sant and me Click Save and Submit to wind it. Click Save All Antall MacBook Air ge Remaining Time: 54 minutes, 43 seconds Question Completion Status Le (CPA) was conducting the audit of Coomes Molding Corporation for the fiscal year ended October 31, Lc, the partner in charge of the sudit, decides that Monetary-Cinit Sampling is the appropriate sampling technique to use in order to audit Coomes inventory account. The balance in the inventory at October 31 was 54,250,000. Le has established the following The desired confidence level of 95%, tolerable misstatement 5212.500, and expected misstatement #563,750. The sumple size is equal to 106-inventory items Required A. How much is the sampling interval? b- Using the following table: Error number Misstatement Factor Basic precision 3 1.7 1.5 1.4 How much is the upper misstatement limit based on the following errors? Error number Book value $6,000 $1,000 2 $24.000 $9,000 $55.000 $5,000 C-What is your overall decision concerning inventory account and explain why? Audit value 1 SEAN OWN Sant and me Click Save and Submit to wind it. Click Save All Antall MacBook Air ge

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