Problem $5-8($Algo$)($LO $5-3,5-4,5-5)$

Angela, Incorporated, holds a $90$ percent interest in Corby Company. During $2023,$ Corby sold inventory costing $$118,500$ to Angela for $$158,000.$ Of this inventory, $$42,000$ worth was not sold to outsiders until $2024.$ During $2024,$ Corby sold inventory costing $$108,550$ to Angela for $$167,000.$ A total of $$54,600$ of this inventory was not sold to outsiders until $2025.$ In $2024,$ Angela reported separate net income of $$158,000$ while Corby's net income was $$128,500$ after excess amortizations. What is the noncontrolling interest in the $2024$ income of the subsidiary?

Multiple Choice

$$14,110$

$$12,535$

$$12,850$

Parkette, Incorporated, acquired a $60$ percent interest in Skybox Company several years ago. During $2023,$ Skybox sold inventory costing $$82,000$ to Parkette for $$102,500.$ A total of $20$ percent of this inventory was not sold to outsiders until $2024.$ During $2024,$ Skybox sold inventory costing $$146,625$ to Parkette for $$172,500.$ A total of $32$ percent of this inventory was not sold to outsiders until $20\mathrm{.}25.$ In $2024,$ Parkette reported cost of goods sold of $$550,000$ while Skybox reported $$267,500.$ What is the consolidated cost of goods sold in $2024?$

Multiple Choice

$$ $$640,820$

$$650,375$

$$821,680$

$$649,180$