Consolidated cost of sales

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December 4, 2017 at 3:04 pm #420230
iyamu
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Sir , when consolidating cost of sales , do we have deduct intra group sale? I taught it’s only deducted from sales while we add only purp remove unrealized profit?
December 4, 2017 at 4:21 pm #420273
MikeLittle
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$ for $ deduct the total value from both revenue AND from cost of sales
And then add back the pup
Intra-group revenue of $50,000? With pup of $2,000?
Deduct $50,000 from revenue and $50,000 from cost of sales
Then add $2,000 to cost of sales
OK?
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