Poole Co. acquired 100% of Mullen Inc. on January 3, 2021. During 2021, Poole sold goods to Mullen for $2,500,000 that cost Poole $1,850,000. Mullen still owned 30% of the goods at the end of the year. Cost of goods sold was $11,200,000 for Poole and $6,600,000 for Mullen. What was consolidated cost of goods sold?
A) $15,105,000.
B) $15,300,000.
C) $15,495,000.
D) $17,800,000.
E) $17,995,000.

Question

Quizplus · Accepted Answer

The Answer is C

Poole Co Acquired 100% of Mullen Inc