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What are consolidated sales and consolidated cost

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Question - Within the above sales figure for GreatSUNY ($1,120,000) were its sales of inventory to GreatOW for a price of $140,000. There were no intra-entity sales from GreatOW to GreatSUNY. Intra-entity sales had the same markup as sales to outsiders. GreatOW had resold all of the intra-entity purchase from GreatSUNY to outside parties during the year. What are consolidated sales AND consolidated cost of goods sold for the year?

Reference no: EM133183282

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