Required information Gargiulo Company, a 90% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 25% gross profit rate. The following data are available pertaining specifically to Posito's intra-entity purchases from Gargiulo. Gargiulo was acquired on January 1, 2017 Purchases by Posito Ending inventory on Posito's books 2017 $ 8,000 1,200 2018 $ 12,000 4,000 2019 $ 15,000 3,000 Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends. Gargiulo's net income Dividends paid by Gargiulo 2017 $ 70,000 10,000 2018 $ 85,000 10,000 2019 $ 94,000 15,000 For consolidation purposes, what amount would be debited to cost of goods sold for the 2019 consolidation worksheet with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2019 intra-entity transfer of merchandise? Multiple Choice $600 O $750 $3.760 a $3.000 o $675 For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2017 consolidation worksheet entry with regard to unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2017 intra-entity transfer of merchandise? Multiple Choice $0. $1,600. $300. $240. $270 Prey 27 28 29 of 60 Next > For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2018 consolidation worksheet entry with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2017 Intra-entity transfer of merchandise? Multiple Choice $240 o $300 $2.000 $1,600 $270 For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2019 consolidation worksheet entry with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 intra-entity transfer of merchandise? Multiple Choice $3,000. $2.400 o $1,000 $800 $900