During 20X8 and 20X9, Sage sold merchandise
Question # 00656803
Posted By:
Updated on: 03/01/2018 09:09 AM Due on: 03/01/2018
During 20X8 and 20X9, Sage sold merchandise to Page at a price that provides it with a gross profit of 50%. The 20X9 sale was $10,000. Page's December 31, 20X9, inventory contained $2,000 worth of these purchases from Sage, while the December 31, 20X8, inventory contained $1,000 worth of intercompany merchandise. Whats the unrealized and realiazed intercompany inventory profit
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Rating:
/5
Solution: During 20X8 and 20X9, Sage sold merchandis