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What is the amount of unrealised profit at the year end

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Luton Plc acquired 100% of the share capital of Bedford Ltd. During the year to 31 March 2018, Luton sold goods to its wholly-owned subsidiary for £3,600 representing costs plus 20%. On 31 March 2018, two-thirds of the goods were still held in inventory.

Question 1: What is the amount of unrealised profit at the year end?

Option 1: £720

Option 2: £700

Option 3: £600

Option 4: £400

Reference no: EM132532928

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