Webb CoAcquired 100% of Rand Inc

Multiple Choice

Webb Co.acquired 100% of Rand Inc.on January 5, 2018.During 2018, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000.Rand still owned 40% of the goods at the end of the year.Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand.What was consolidated cost of goods sold?

A) $17,200,000.
B) $15,040,000.
C) $14,800,000.
D) $15,400,000.
E) $14,560,000.