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Business, 10.10.2019 01:00 baileysosmart
Parkette, inc., acquired a 60 percent interest in skybox company several years ago. during 2017, skybox sold inventory costing $172,000 to parkette for $215,000. a total of 19 percent of this inventory was not sold to outsiders until 2018. during 2018, skybox sold inventory costing $242,950 to parkette for $282,500. a total of 30 percent of this inventory was not sold to outsiders until 2019. in 2018, parkette reported cost of goods sold of $562,500 while skybox reported $375,000. 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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