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Brendon, Inc. acquired 100% of Weston Enterprises on January 2, 2020.During 2020, Brendon sold Weston for $700,000 goods which had cost $500,000.Weston still owned 40%
Brendon, Inc. acquired 100% of Weston Enterprises on January 2, 2020.During 2020, Brendon sold Weston for $700,000 goods which had cost $500,000.Weston still owned 40% of the goods at the end of the year.In 2021, Brendon sold goods with a cost of $500,000 to Weston for $700,000, and the buyer still owned 40% of the goods at year-end. For 2021, cost of goods sold was $1,000,000 for Brendon and $990,000 for Weston.
What was consolidated cost of goods sold for 2021?
a.$1,370,000
b.$1,290,000
c.$1,870,000
d.$1,990,000
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