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What is the amount of intercompany sale of inventory

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Question - Selected information from the separate and consolidated income statements of Poster Corporation and its subsidiary, Sign Company for the year ended December 31, 20x2 are as follows:

Poster Corp.

Sign Co.

Consolidated

Sales

P600,000

P420,000

P924,000

Cost of Goods Sold

450,000

335,000

693,000

Gross Profit

P150,000

P85,000

P231,000

During 2025, Poster Corporation sold goods to Sign Company at the same mark-up on cost that Poster uses for all sales. At December 31, 20x2, Sign had not paid all of these goods and still held 25% of them in inventory. What is the amount of intercompany sale of inventory?

Reference no: EM133144878

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