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Question 3 (a)Cost of goods manufactured of RM120,000 been transfered to a subsidiary company at markup of 30%. All of these goods except 20%

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Question 3 (a)Cost of goods manufactured of RM120,000 been transfered to a subsidiary company at markup of 30%. All of these goods except 20% has been sold by the subsidiary. Required: Calculate how much adjustment for unrealised profit on stock to be adjusted in the Group account and explain why such adjustment is needed. (10 marks)

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