Sun Corporation owns 75% of Moon Inc.'s common stock that was purchased at its underlying book value. At the time of purchase, the book value and fair value of Moon's net assets were equal. The two companies report the following information for 2018 and 2019.

During 2018, one company sold inventory to the other company for $80,000 which cost the transferor $64,000. As of the end of 2018, 25% of the inventory was unsold. In 2019, the remaining inventory was resold outside the consolidated entity.

2018 Selected Data:SunMoon

Sales Revenue$600,000$320,000

Cost of Goods Sold320,000155,000

Other Expenses100,00089,000

Net Income$180,000$76,000

Dividends Paid19,0000

2019 Selected Data:SunMoon

Sales Revenue$580,000$445,000

Cost of Goods Sold300,000180,000

Other Expenses130,000171,000

Net Income$150,000$94,000

Dividends Paid16,0005,000

If the intercompany sale was an upstream sale, the total amount of consolidated cost of goods sold for 2019 will be

A) $300,000.B) $476,000.C) $470,000.D) $477,000.