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Inventory Transfer- Downstream sales Purchase cost $7,000- Transfer price $10,000 - External selling price $15,000 (assume perpetual inventory system for both companies) Consolidation Entity Perspective:

image text in transcribedInventory Transfer- Downstream sales

Purchase cost $7,000- Transfer price $10,000 - External selling price $15,000

(assume perpetual inventory system for both companies)

Consolidation Entity Perspective: Flimination entry: Consolidation Entity Perspective: Consolidation Entity Perspective: Flimination entry: Consolidation Entity Perspective

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