Question

Bellgrade, Inc., acquired a 60 percent interest in Hansen Company several years ago. During 2011, Hansen sold inventory costing $75,000 to Bellgrade for $100,000. A total of 16 percent of this inventory was not sold to outsiders until 2012. During 2012, Hansen sold inventory costing $96,000 to Bellgrade for $120,000. A total of 35 percent of this inventory was not sold to outsiders until 2013. In 2012, Bellgrade reported cost of goods sold of $380,000 while Hansen reported $210,000. What is the consolidated cost of goods sold in 2012?
a. $465,600.
b. $473,440.
c. $474,400.
d. $522,400.



$1.99
Sales0
Views116
Comments0
  • CreatedOctober 04, 2014
  • Files Included
Post your question
5000