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Inga [223]
2 years ago
15

Company P has owned 80 percent of Company S for a number of years. This year Company P bought inventory for $100,000 and sold it

to Company S for $150,000. At the end of the year, Company S still holds inventory with a transfer price of $30,000. Company P reported sales for the year of $700,000 and Company S reported sales of $500,000. Assume that each company separately reports cost of goods sold of $400,000 each. What is consolidated cost of goods sold
Business
1 answer:
Vesna [10]2 years ago
3 0

Answer:

don't know

Explanation:

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Explanation:

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Which of the following statements is true regarding variable costing?Multiple Choice
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a

Explanation:

8 0
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