Gentry Inc

Multiple Choice

Gentry Inc.acquired 100% of Gaspard Farms on January 5,2009.During 2009,Gentry sold Gaspard Farms for $625,000 goods which had cost $425,000.Gaspard Farms still owned 12% of the goods at the end of the year.In 2010,Gentry sold goods with a cost of $800,000 to Gaspard Farms for $1,000,000,and Gaspard Farms still owned 10% of the goods at year-end.For 2010,cost of goods sold was $1,200,000 for Gaspard Farms and $5,400,000 for Gentry.What was consolidated cost of goods sold for 2010?

A) $6,600,000.
B) $6,596,000.
C) $5,620,000.
D) $5,596,000.
E) $5,625,000.