Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 16

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.