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John Ltd is a wholly owned subsidiary by Tyler Ltd. On 3 June 2022, Tyler Ltd sold a batch of inventories to John Ltd for
John Ltd is a wholly owned subsidiary by Tyler Ltd. On 3 June 2022, Tyler Ltd sold a batch of inventories to John Ltd for $2 million. These inventories were originally purchased from an external supplier for $1 million. John Ltd sold these inventories back to Tyler Ltd for $2.5 million on 20 June. By 30 June 2020. Tyler Ltd have sold 50% of these inventories to external parties for $2.2 million. From the perspective of the group consisting of John Ltd and Tyler Ltd, what is the cost of goods sold for the fiscal year ended 30 June 2022? O a. $1 million O b. $0.9 million O c. $1.5 million O d. $1.25 million O e. $0.5 million
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