Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sales from P to S year 1 of product A 1 0 0 0 @ 1 8 $ cost to P 1 4 $ and

sales from P to S year1 of product A 1000 @18$ cost to P 14$ and S sold to external @22$ in y1600 and 300 y2 sales from S to P year1 of product B 900 @17$ cost to S 15$ and P sold to external @20$ in y1700 and 150 y2sales from P to S year2 product C 500 @20$ cost to P 17$ and S sold 150 units to external @25$sales from S to P year2 product D 400 @18$ cost to S 12$ and P sold 150 units to external @20$
find the following amounts for year 2 :upstream unrealized gross profit become realized
downstream unrealized gross profit become realized
upstream realized gross profit become unrealized
downstream realized gross profit become unrealized
upstream unrealized gross profit still unrealized
downstream unrealized gross profit still unrealized

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra Jeter, Paul Chaney

6th edition

978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364

More Books

Students also viewed these Accounting questions