Question: please show steps on how to solve it Requlred Information [The following information applies to the questions displayed below.) Alpha Company owns 80 percent of

please show steps on how to solve it Requlred Information [The

following information applies to the questions displayed below.) Alpha Company owns 80

please show steps on how to solve it

Requlred Information [The following information applies to the questions displayed below.) 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: Inventory Sales Revenue Cost of Goods Sold Alpha $95, 800 800,000 600,000 Beta $88,000 300,000 180.000 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

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