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I don’t understand why we need to add back URP in inventory ( 200) when caculate cost of sales of Group?
( in this case S sells goods to P and at the end of the period one part of this goods stilll remains in P’ stock).
Couls you please explain it for me?
Thank you very much.
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URP in inventory is 800. Inventory has been overstated, so we need to correct (reduce profit). To reduce profit, you must increase COS.
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