Professional Documents
Culture Documents
inventory
were sold
to third
parties
during the
year. 4. C
Solution:
Ending
inventory
of Banks
Co.
(175,000 +
60,000)
235,000
Ending
inventory
of Lamm
Co.
250,000
Less:
Considera
tion
transferre
d (cost of
investmen
t in sub.)
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