P Inc. owns a 60% interest in S Corp.During 2020 S sold inventory costing $160,000 to P for $200,000.A total of 18 percent of this inventory was not sold to outsiders until 2021.During 2021 S sold inventory costing $297,500 to P for $350,000.A total of 30 percent of this inventory was not sold to outsiders until 2022.In 2021 P reported cost of goods sold of $607,500 while S reported $450,000.What is consolidated cost of goods sold in 2021?