Based on the calculation done below, the estimated audited value for inventory is $540,000.
<h3>How is the estimated audited value for inventory calculated?</h3>
This can be calculated using the following formula:
E = (T / S) * A ……………………… (1)
E = Estimated audited value for inventory = ?
T = Total value of inventory recorded by client = $600,000
S = Value of inventory sampled by the auditor as recorded by the client = $100,000
A = Audited value of the inventory sampled = $90,000
Substituting the values into equation (1), we have:
E = ($600,000 / $100,000) * $90,000
E = 6 * $90,000
E = $540,000
Therefore, the estimated audited value for inventory is $540,000.
Learn more about inventory audit here: brainly.com/question/13960552
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