Included in a Working Paper Elimination (In Journal Entry Format)

Included in a working paper elimination (in journal entry format) for intercompany sales was a credit of $60,000 to Cost of Goods Sold-Subsidiary. The credit indicates that, for the accounting period involved:

A) The unrealized intercompany profit in the subsidiary's cost of goods sold was $60,000
B) The realized intercompany profit in the subsidiary's cost of goods sold was $60,000
C) The cost of goods sold by the subsidiary to the parent company was $60,000
D) The gross margin on intercompany sales was $60,000
E) None of the foregoing was true