For consolidation purposes, what amount would be debited to cost of goods sold for the 2018 consolidation worksheet with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 transfer of merchandise?
A) $1,000.
B) $ 800.
C) $3,000.
D) $2,400.
E) $ 900.

Question

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The unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 transfer of merchandise is $1,000. This amount should be debited to cost of goods sold for the 2018 consolidation worksheet.

For Consolidation Purposes, What Amount Would Be Debited to Cost