Richards is a 100% owned subsidiary of DHP Co. Inventories in their individual statements of financial position at the year-end are shown as: DHP Co: $40,000 Richards: $20,000 SELECT ONLY ONE $50,000 DHP sold goods to Richards during the year totaling $15,000, which included a profit by DHP of 25% on cost. One third of these goods were included in inventories at year's end. What should be the value of the inventories in the consolidated statement of financial position? $57,000 $57,500 $59,000