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I need help with this question, please help! The parent sold inventories to the...

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Accounting

I need help with this question, please help!image

The parent sold inventories to the subsidiary during both 2021 and 2022. For these sales to the subsidiary, the parent earns a gross profit of 35%. What is the amount of parent-company profit from intercompany inventory transactions that was in the subsidiary's ending inventory on December 31,2022 ? Select one: a. $68,040 b. $45,360 c. $98,280 d. $30,240

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