On 1 April 20X7 Possum Co acquired 60% of the share capital of Koala Co for $120,000. During the year Possum Co sold goods to Koala Co for $30,000, including a profit margin of 25%. 40% of these goods were still in inventory at the year end. The following extract was taken from the financial statements of Possum Co and Koala Co at 31 March 20X8. Possum Co $'000 Koala Co Revenue 750 $'000 400 Cost of sales (420) (100) Gross profit 30 300 What is the consolidated gross profit of the Possum group at 31 March 20X8?
A、$627,600
B、$633,000
C、$622,500
D、$627,000
A、$627,600
B、$633,000
C、$622,500
D、$627,000
【参考答案及解析】
$’000 Unrealised profit (30,000 x 25% x 40%) 3 Gross profit (330 + 300 - 3) 627
$’000 Unrealised profit (30,000 x 25% x 40%) 3 Gross profit (330 + 300 - 3) 627