Using the same population as the previous, assume the following differences were uncovered in the confirmation process:

Customer NumberPer RecordsPer ConfirmationFollow-up by Auditor

324$9,124$8,965Computation error on price of shipment

3337,0140Shipment to customer on December 28th, FOB shipping point

received by customer on January 2nd

3376,1045,104Footing error on invoice

3492,7990Customer mailed $2,799 check on December 28, companyreceived the check on January 6

Required:

a) Assuming a sample size of 100, ARIA of 15%, and tolerable misstatement of $40,000, compute the upper misstatement bound on the basis of the client misstatement in the sample.