Poole Co Acquired 100% of Mullen Inc

question 65

Multiple Choice

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.