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Parkette, Incorporated, acquired a 6 0 percent interest in Skybox Company several years ago. During 2 0 2 3 , Skybox sold inventory costing $

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Parkette, Incorporated, acquired a 60 percent interest in Skybox Company several years ago. During 2023, Skybox sold inventory costing $115,500 to Parkette for $165,000. A total of 19 percent of this inventory was not sold to outsiders until 2024. During 2024, Skybox sold inventory costing $273,750 to Parkette for $365,000. A total of 32 percent of this inventory was not sold to outsiders until 2025. In 2024, Parkette reported cost of goods sold of $540,000 while Skybox reported $330,000. What is the consolidated cost of goods sold in 2024?
Multiple Choice
$485,205
$546,750
$889,795
$524,795
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