1 ( show answer step by step but don't write with a pen )

Alpha Company owns 80 percent of the voting stock of Beta Company. Alpha and Beta reported the following account information from their year-end separate financial records:

	Alpha	Beta
Inventory	$95,000	$88,000
Sales Revenue	800,000	300,000
Cost of Goods Sold	600,000	180,000

During the current year, Alpha sold inventory to Beta for $100,000. As of year end, Beta had resold only 60 percent of these intra-entity purchases. Alpha sells inventory to Beta at the same markup it uses for all of its customers.

What is the total for consolidated inventory?

Multiple Choice

• $143,000

• $173,000

• $175,000

• $183,000