What is the group cost of sales for Pea Group for the year ended 31 December 20X9?
Pea acquired 75% of the equity shares of Hion on 31 August 20X9.
The statement of profit or loss extracts for the year ended 31 December 20X9 showed:
Pea Hion
Revenue 240,000 148,800
Cost of sales 60,000 38,400
During the post-acquisition period, sales of $6,000 were made by Pea to Hion. Half of these goods remained in the inventory at the year-end. Pole had made a mark-up on cost of 25% on these sales.
What is the group cost of sales for Pea Group for the year ended 31 December 20X9?
A. $133,400 B. $132,200 C. $83,400 D. $67,400
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