Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $270,000 to Parkette for $337,500. A total of 13 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $259,250 to Parkette for $305,000. A total of 32 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $560,000 while Skybox reported $337,500. What is the consolidated cost of goods sold in 2021