Post Corporation owns 100 percent of Able Corporations common stock. During October, Post sold merchandise to Able that cost $80,000 for $ 100,000. As of December 31, Able sold 50 percent of this merchandise for $120,000. What is the amount of unrealized intercompany profit in ending inventory at December 31 that should be eliminated in the consolidation process is $ 40,000. $ 20,000. $ 10,000. $ 50,000. C Inventory remaining $100,000 × 50% = $50,000. The original cost of the unsold inventory is $40,000 ($50,000/1.25 = $40,000). $50,000 minus $40,000 = $10,000 unrealized inventory in the ending inventory. $ 40,000. $ 50,000. $ 20,000. $ 10,000.