Multiple Choice
Webb Co.acquired 100% of Rand Inc.on January 5,2009.During 2009,Webb sold Rand for $2,400,000 goods that cost $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) $16,960,000.
E) $14,560,000.
Correct Answer:
Verified
Correct Answer:
Verified
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