Pan	Skillet
Statement of Financial Performance
Revenue	1,196,000	928,000
Cost of sales	888,000	670,000
Statement of Financial Position
Inventory	168,000	36,000

During the year the following transactions took place:

Pans sales to Skillet 20,000.

60% of these sales are still in inventory at balance date.

Pan makes 10% profit on sales (i.e., profit = 10% of the given sales figure)..

There is no intra-group profit on opening inventory.

The consolidated cost of sales figure is:

Select one:

a.

1,539,200

b.

1,538,000

c.

1,576,800

d.

1,558,000

e.

1,559,200

f.

1,579,200