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Wholesome sells merchandise and raw materials to Kellogg's at a markup of 30% on cost. Here is information on these intercompany sales (in thousands): Inventory,
Wholesome sells merchandise and raw materials to Kellogg's at a markup of 30% on cost. Here is information on these intercompany sales (in thousands): Inventory, January 1, 2013, reported on Kellogg's books $20,800 Inventory, December 31, 2013, reported on Kellogg's books 26,000 Transfer price for 2013 sales from Wholesome to Kellogg's 120,000
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Advanced Accounting
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
2nd edition
1934319309, 978-1934319307
