Union Plc is the sole subsidiary of Water Plc. The cost of sales figures for 2018 for Water Plc and Union Plc were GH¢55 million and GH¢50 million respectively. During 2018, Water Plc sold goods which had cost GH¢10 million to Union Plc for GH¢15 million. Union Plc has not yet sold any of these goods. What is the consolidated cost of sales figure for 2018?

Union Plc is the sole subsidiary of Water Plc. The cost of sales figures for 2018 for Water Plc and Union Plc were GH¢55 million and GH¢50 million respectively. During 2018, Water Plc sold goods which had cost GH¢10 million to Union Plc for GH¢15 million. Union Plc has not yet sold any of these goods. What is the consolidated cost of sales figure for 2018?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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