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P Company sold merchandise to their subsidiary, S Company That would make the sale $174000. The gross profit rate is 50%. At year end, 30%
P Company sold merchandise to their subsidiary, S Company That would make the sale $174000. The gross profit rate is 50%. At year end, 30% of this remains unsold. The tax rate is 40%. What is the before-tax and after-tax unrealized profit in ending inventory? Round your answers to the nearest dollar. Please highlight the after-tax unrealized profit in yellow
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