During the current year, Alpha sold inventory to Beta for $100,000. As of year end, Beta had resold only 60 percent of these intra-entity purchases. Alpha sells inventory to Beta at the same markup it uses for all of its customers. What is the total for consolidated cost of goods sold

a. $173,000

Explanation:

Missing word "Alpha Company owns 80 percent of the voting stock of Beta Company. Alpha and Beta reported the following account information from their year-end separate financial records: Alpha Beta Inventory $95,000 $88,000 Sales Revenue 800,000 300,000 Cost of Goods Sold 600,000 180,000 During the current year, Alpha sold inventory to Beta for $100,000."

Percentage of profits Alpha charge to other customers = ($800,000 - $600,000) / $800,000 = 25% of sales

Stock held at year end by beta from the purchases made from Alpha = $100,000 * 40% =$40,000

Profit involved in stock held by beta from the purchases made from Alpha = $40,000 * 25% = $10,000

So, Value of stock of Beta = $88,000 - $10,000 = $78,000

Hence, Total for consolidated inventory = $95,000 + $78,000 = $173,000

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"