Question: 3 points Use this information for questions 3 & 4: Company A transfers inventory to an affiliate, Company B, for $5,000 with a 25% markup

 3 points Use this information for questions 3 & 4: Company

3 points Use this information for questions 3 & 4: Company A transfers inventory to an affiliate, Company B, for $5,000 with a 25% markup on cost. Company B resells $3,500 of this inventory to nonaffiliates during the same accounting period What is the cost of goods sold on the intercompany sale? O 1.$1,500 O 2. $4,000 O 3.$1,000 O 4.$1,250 QUESTION 4 3 points Sa Use this information for questions 3 & 4: Company A transfers inventory to an affiliate, Company B, for $5,000 with a 25% markup on cost. Company B resells $3,500 of this inventory ( o nonaffiliates during the same accounting period. What is the gross profit percentage for the intercompany sale? O 1.25% O 2. 80% O 3.20% O 4.5%

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