Exercise 15-31 (Algo) International Transfer Prices: Ethical Issues (LO 15-4) Whitehill Chemicals has two operating divisions. Its Formulation Division in the United States mixes, processes, and tests basic chemicals, and then ships them to Ireland, where the company's Commercial Division uses the chemicals to produce and sell various products. Operating expenses amount to $26.3 million in the U.S. and $78.3 million in Ireland exclusive of the costs of any goods transferred from the U.S. Revenues in Ireland are $198 million. If the chemicals were purchased from one of the company's Irish mixing divisions, the costs would be $39.3 million. However, if it had been purchased from an independent U.S. supplier, the cost would be $52.3 million. The marginal income