Business, 20.11.2021 07:20 hellokitty1647

Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $98,000 to Parkette for $140,000. A total of 15 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $196,875 to Parkette for $262,500. A total of 32 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $382,500 while Skybox reported $302,500. What is the consolidated cost of goods sold in 2021

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Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Sky...