Business, 07.05.2020 11:58 TheOneandOnly003

Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2017, Skybox sold inventory costing $210,600 to Parkette for $270,000. A total of 20 percent of this inventory was not sold to outsiders until 2018. During 2018, Skybox sold inventory costing $163,510 to Parkette for $197,000. A total of 30 percent of this inventory was not sold to outsiders until 2019. In 2018, Parkette reported cost of goods sold of $537,500 while Skybox reported $437,500. 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...