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You have been asked to perform substantive tests of details on the occurrence assertions for sales revenue. You select a sample of recorded sales and

You have been asked to perform substantive tests of details on the occurrence assertions for sales revenue. You select a sample of recorded sales and vouch them to the appropriate underlying documents to substantiate that the sale occurred. Your audit team has determined a tolerable misstatement for this audit procedure to be $4.6M.
Account Balance: 84,826,944
Total Transactions in Population: 27,782
Sample Size ($): 9,145,455
Sample Size (Transactions): 2,586
Cumulative Misstatements in the Sample: 469,968
Given this information from your team's audit procedures, what would be your estimate for the total misstatement in the population using the Sample Deviation Rate method to project your results to the overall population? (Round your answer to the nearest whole dollar.)

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