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Saved van ch5 Parkette, Inc, acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold Inventory costing $115,500 to Parkette

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Saved van ch5 Parkette, Inc, acquired a 60 percent interest in Skybox Company several years ago. During 2020, 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 2021. During 2021, 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 2022. In 2021, Parkette reported cost of goods sold of $540,000 while Skybox reported $330,000. What is the consolidated cost of goods sold in 2021? Multiple Choice $485,205 $546,750 5889,795 O $524795

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