In the following situation, Barker Ltd is the subsidiary of Corbett Ltd (Ignore the tax effect.). Barker Ltd purchases 868 units of inventory for $20 each. Barker Ltd sells this entire inventory to Corbett at a mark-up of 50%. At the end of the period, 175 units are on hand. What is the amount of unrealised profit that needs to be eliminated at the end of the period? Answer:

In the following situation, Barker Ltd is the subsidiary of Corbett Ltd (ignore the tax effect) Barker Ltd purchases 868 units of inventory for $20 each Barker Ltd sells this entire irventory to Corbett at a mark-up of 50%. At the end of the period, 175 units are on hand. What is the amount of unrealised profit that needs to be eliminated at the end of the period? Answer: In the following situation, Barker Ltd is the subsidiary of Corbett Ltd (ignore the tax effect) Barker Ltd purchases 868 units of inventory for $20 each Barker Ltd sells this entire irventory to Corbett at a mark-up of 50%. At the end of the period, 175 units are on hand. What is the amount of unrealised profit that needs to be eliminated at the end of the period