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Problem 1: Parkette's Inc. acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory cost $225,750 to Parkette for $322,500. A total of 18% of this inventory was not sold to outsiders until 2021. During 2021, skybox sold inventory costing $108,750 to Parkette for $145,000. A total of 24% of this inventory was not sold to outsiders until 2022. IN 2021, Parkette reported cost of goods sold of $610,000 while Skybox reported $355,000. What is the consolidated cost of goods sold in 2021?
a. 759,500b. 811,285c. 956,285d. 828715
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