Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $213,750 to Parkette for $285,000. A total of 12 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $276,000 to Parkette for $345,000. A total of 25 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $517,500 while Skybox reported $317,500. What is the consolidated cost of goods sold in 2021? Multiple Choice $487,750. $498,700. $481,300. $843,700