P Corporation owns 90% of the common stock of S Company. During 2013, S Company made intercompany sales of $500,000 with a markup of 20% of selling price. The ending inventory of P Corporation includes goods purchased in 2013 from S Company for $150,000. The unrealized profit in the ending inventory on hand by P in 2013 is: Select one: a. 30000 b. 120000 c. 25000 d. 125000

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