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Where do you get $16,000? Calculation of unrealised profits on intercompany inventory Year Sales Cost Gross Profit GP ratio = Ending Unrealis Gross Inventor ed

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Where do you get $16,000?

Calculation of unrealised profits on intercompany inventory Year Sales Cost Gross Profit GP ratio = Ending Unrealis Gross Inventor ed profit profit/Net sales y 2020 $27,000 $17,550 $9,450 0.35 $6,000 $2,100 2021 $32,000 $19,200 $12,800 0.4 16000 $6,400

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