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. Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $98,000 to Parkette for $140,000.

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Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $98,000 to Parkette for $140,000. A total of 15 percent of this inventory was not sold to outsiders until 2021 . During 2021 , Skybox sold inventory costing $196,875 to Parkette for $262,500. A total of 32 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $382,500 while Skybox reported $302,500. What is the consolidated cost of goods sold in 2021? Multiple Choice $407,800 $699,700 $437,200. Multiple Choice $407,800. $699,700. $437,200. $446,125

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