Parkette, Incorporated, acquired a 60 percent interest in Skybox Company several years ago. During 2023, Skybox sold inventory costing $97,500 to Parkette for $125,000. A total of 15 percent of this inventory was not sold to outsiders until 2024. During 2024, Skybox sold inventory costing $155,625 to Parkette for $187,500. A total of 28 percent of this inventory was not sold to outsiders until 2025. In 2024, Parkette reported cost of goods sold of $387,500 while Skybox reported $332,500. What is the consolidated cost of goods sold in 2024? Multiple Choice $527,700 O $536,875 $724,800 $537,300

Parkette, Incorporated, acquired a 60 percent interest in Skybox Company several years ago. During 2023, Skybox sold inventory costing 597,500 to Parkette for $125,000. A total of 15 percent of this inventory was not sold to outsiders until 2024. During 2024, Skybox sold inventory costing $155,625 to Parkette for $187,500. A total of 28 percent of this inventory was not sold to outsiders until 2025. In 2024, Parkette reported cost of goods sold of $387,500 while Skybox reported $332,500. What is the consolidated cost of goods sold in 2024 ? Multiple Cholice $527,700 $536,875 $724,800 $537,300