Biology, 19.11.2019 01:31, Masielovebug

Padlock corp owns 90% of safeco, inc. during the year, padlock sold 3,000 locking mechanisms to safeco for $900,000. by the end of the year, safeco had sold all but 500 of the locking mechanisms to outside parties. padlock marks up the cost of its locking mechanisms by 60% in computing its sales price to affiliated and non-affiliated customers. how much intra-entity profit remains in safeco's inventory at year end?

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Padlock corp owns 90% of safeco, inc. during the year, padlock sold 3,000 locking mechanisms to safe...