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Business, 28.11.2019 02:31 meccadm

Parkette, inc., acquired a 60 percent interest in skybox company several years ago. during 2017, skybox sold inventory costing $199,500 to parkette for $262,500. a total of 12 percent of this inventory was not sold to outsiders until 2018. during 2018, skybox sold inventory costing $287,550 to parkette for $355,000. a total of 28 percent of this inventory was not sold to outsiders until 2019. in 2018, parkette reported cost of goods sold of $385,000 while skybox reported $237,500. what is the consolidated cost of goods sold in 2018?

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Parkette, inc., acquired a 60 percent interest in skybox company several years ago. during 2017, sky...

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