Subsidiary (S) sells Widgets to Parent Company (P).
The majority of Widgets are then sold by P to 3rd party. However, a few of the Widgets are capitalised in P's books and are not for resale.
On consolidation the Widgets that are sold on are just eliminated from the sale(S) & purchase (P) - but i am unsure how to treat the Widgets that have been capitalised. Any help appreciated.