What is the consolidated total for inventory at December 31, 2018?
A) $336,000.
B) $280,000.
C) $364,000.
D) $347,200.
E) $349,300.

Question

Quizplus · Accepted Answer

The consolidated total for inventory at December 31, 2018 can be found by adding the inventory of Subsidiary A ($128,000) and the inventory of Subsidiary B ($224,000) and subtracting the intercompany inventory transfer of $4,800. This gives us a total of $347,200 (128,000 + 224,000 - 4,800). Therefore, the best choice is D.

What Is the Consolidated Total for Inventory at December 31