Gargiulo Company, a 90% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 25% gross profit rate. The following data are available pertaining specifically to Positos intra-entity purchases from Gargiulo. Gargiulo was acquired on January 1, 2017. 2017 2018 2019

Purchases by Posito $ 8,000 $ 12,000 $ 15,000

Ending inventory on Positos books 1,200 4,000 3,000

Assume the equity method is used. The following data are available pertaining to Gargiulos income and dividends. 2017 2018 2019

Gargiulos net income $ 70,000 $ 85,000 $ 94,000

Dividends paid by Gargiulo 10,000 10,000 15,000

For consolidation purposes, what amount would be... For consolidation purposes, what amount would be debited to cost of goods sold for the 2019 consolidation worksheet with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2019 intra-entity transfer of merchandise? Multiple Choice

$600. $750. $3,760. $3,000. $675.