Colbert Inc

question 110

Multiple Choice

Colbert Inc. acquired 100% of Stewart Manufacturing on January 2, 2020. During 2020, Colbert sold Stewart $640,000 of goods, which had cost $450,000. Stewart still owned 18% of the goods at the end of the year. In 2021, Colbert sold goods with a cost of $820,000 to Stewart for $1,000,000, and Stewart still owned 15% of the goods at year-end. For 2021, the cost of goods sold totaled $5,800,000 for Colbert, and $1,300,000 for Stewart. What was consolidated cost of goods sold for 2021?

• A) $6,038,800.
• B) $6,092,800.
• C) $6,100,000.
• D) $6,107,200.
• E) $7,100,000.

---

Definitions:

Marital Success

Refers to the level of satisfaction and stability in a marriage, often measured by the duration, fulfillment, and mutual support between partners.

Marital Quality

The subjective evaluation of the positive and negative aspects of marriage by the involved individuals, often influencing the stability and satisfaction within the relationship.

Family Life Cycle Stage

The series of stages through which a family progresses over time, including single adulthood, marriage, parenthood, and later life.

Unattached Young Adult

An individual in late adolescence or early adulthood who is not currently engaged in a romantic relationship or closely bonded to a partner.