Prepare the consolidated statement of profit or loss for Liverton for the year ended 31 May 20X6.
【参考答案及解析】
Working: group structure Working: Consolidated gross profit Profit on sale by Liverton to Everpool： $200,000 - $110,000 = $90,000 Unrealised profit： $90,000 x 60% = $54,500 Consolidated gross profit： $2,700,000 + $1,150,000 - $54,000 = $3,796,000 Cost of sales is the balancing figure.
Working: group structure Working: Consolidated gross profit Profit on sale by Liverton to Everpool： $200,000 - $110,000 = $90,000 Unrealised profit： $90,000 x 60% = $54,500 Consolidated gross profit： $2,700,000 + $1,150,000 - $54,000 = $3,796,000 Cost of sales is the balancing figure.