REFERENCE: Ref.05_02 On January 1,2009,Pride,Inc.bought 80% of the Outstanding Voting Common Stock

Multiple Choice

REFERENCE: Ref.05_02
On January 1,2009,Pride,Inc.bought 80% of the outstanding voting common stock of Strong Corp.for $364,000.Of this payment,$28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000.Any remaining excess was attributable to goodwill which has not been impaired.
As of December 31,2009,before preparing the consolidated worksheet,the financial statements appeared as follows:
During 2009,Pride bought inventory for $112,000 and sold it to Strong for $140,000.Only half of this purchase had been paid for by Strong by the end of the year.60% of these goods were still in the company's possession on December 31.
-What is the consolidated total for inventory at December 31,2009?

A) $336,000.
B) $280,000.
C) $364,000.
D) $347,200.
E) $349,300.