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Parkette, Incorporated, acquired a 60 percent interest in Skybox Company several years ago. During 2023, Skybox sold inventory costing $82,000 to Parkette for $102,500. A

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Parkette, Incorporated, acquired a 60 percent interest in Skybox Company several years ago. During 2023, Skybox sold inventory costing $82,000 to Parkette for $102,500. A total of 20 percent of this inventory was not sold to outsiders until 2024. During 2024, Skybox sold inventory costing $146,625 to Parkette for $172,500. A total of 32 percent of this inventory was not sold to outsiders until 2025. In 2024, Parkette reported cost of goods sold of $550,000 while Skybox reported $267,500. What is the consolidated cost of goods sold in 2024 ? Multiple Choice $640,820 $650,375 $821,680 $649,180

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