Chapter 06 HW 5 Saved 6. points ellock References E6-10 Prior-Period Unrealized Inventory Profit LO 6-4 Pie Bakery owns 60 percent of Slice Products Company's stock. On January 1, 20X9, inventory reported by Pie included 22,000 bags of flour purchased from Slice at $15 per bag. By December 31, 20X9, all the beginning inventory purchased from Slice Products had been baked into products and sold to customers by Ple. There were no transactions between Pie and Slice during 20X9. Both Pie Bakery and Slice Products price their sales at cost plus 50 percent markup for profit. Pie reported income from its baking operations of $302,000, and Slice reported net income of $252,000 for 20X9. Required: a. Compute the amount reported as cost of goods sold in the 20x9 consolidated income statement for the flour purchased from Slice in 20X8. (Do not round intermediate calculations.) Cost of goods sold