Business
Business, 25.11.2021 09:30, chychy2003

cquired a 60 percent interest in Tokyo Company several years ago. During 2020, Tokyo sold inventory costing $191,250 to Berlin for $255,000. A total of 18 percent of this inventory was not sold to outsiders until 2021. During 2021, Tokyo sold inventory costing $198,000 to Berlin for $247,500. A total of 35 percent of this inventory was not sold to outsiders until 2022. In 2021, Berlin reported cost of goods sold of $500,000 while Tokyo reported $452,500. What is the consolidated cost of goods sold in 2021

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cquired a 60 percent interest in Tokyo Company several years ago. During 2020, Tokyo sold inventory...

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