In 2006, a Home Office Shipped Inventory Costing $60,000 to Its

Multiple Choice

In 2006, a home office shipped inventory costing $60,000 to its branch for $90,000. At the end of 2006, the branch reported $30,000 of this inventory in its balance sheet. The amount of unrealized intracompany profit at the end of 2006 is

A) $10,000
B) $15,000
C) $25,000
D) $30,000
E) None of the above.