Upstream Intercompany Merchandise Transactions Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells...
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Upstream Intercompany Merchandise Transactions Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a markup on cost Information on these intercompany merchandise transactions is below: Required a Prepare the working paper eliminating entries related to these intercompany transactions at December b Krocker sold shoes containing Jimmitz's shoe accessories during What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in Krocker: $ Jimmitz: $ What amount should appear in consolidated cost of goods sold for these shoe accessories? $ Show how the eliminating entries in part a adjust Krocker's cost of goods sold balance to the correct consolidated balance. Note: Enter your "Credit" answers in the same order that they were entered in part a 
Upstream Intercompany Merchandise Transactions
Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a markup on cost Information on these intercompany merchandise transactions is below:
Required
a Prepare the working paper eliminating entries related to these intercompany transactions at December
b Krocker sold shoes containing Jimmitz's shoe accessories during
What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in
Krocker: $
Jimmitz: $
What amount should appear in consolidated cost of goods sold for these shoe accessories?
$
Show how the eliminating entries in part a adjust Krocker's cost of goods sold balance to the correct consolidated balance.
Note: Enter your "Credit" answers in the same order that they were entered in part a
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