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0. Presley Inc. acquired a 60 interest in Jackson enterprises several years ago during your 10 Jackson sold inventory costing ( $ 160,000 ) to
0. Presley Inc. acquired a \60 interest in Jackson enterprises several years ago during your 10 Jackson sold inventory costing \\( \\$ 160,000 \\) to Presley for \\( \\$ 200,000 \\). A total of \18 of the inventory was not sold to outsiders until your 11 during your 11 Jackson sold inventory costing \\( \\$ 297,500 \\) to Presley for \\( \\$ 350,000 \\). A total of \30 of the inventory outsiders until year 11 during your 11 Jackson sold inventory costing \\( \\$ 297,500 \\) to Presley for \\( \\$ 350,000 \\). A total of \30 of the inventory was not sold to outsiders until you're 12 and your 11 Presley reported cost of goods sold of \\( \\$ 607,500 \\). All Jackson reported \\( \\$ 450,000 \\). What is the consolidated cost of goods sold for your 11? a. \\( \\$ 716,050 \\) b. \\( \\$ 698,950 \\) c. \\( \\$ 1,066,050 \\) d. \\( \\$ 720,000 \\)
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