Use the Following Information to Answer the Question(s)below

question 22

Multiple Choice

Use the following information to answer the question(s) below..
Pelga Company routinely receives goods from its 80%-owned subsidiary,Swede Corporation.In 2011,Swede sold merchandise that cost $80,000 to Pelga for $100,000.Half of this merchandise remained in Pelga's December 31,2011 inventory.This inventory was sold in 2012.During 2012,Swede sold merchandise that cost $160,000 to Pelga for $200,000.$62,500 of the 2012 merchandise inventory remained in Pelga's December 31,2012 inventory.Selected income statement information for the two affiliates for the year 2012 was as follows:

-Consolidated cost of goods sold for Pelga and Subsidiary for 2012 were

• A)$512,000.
• B)$526,000.
• C)$522,500.
• D)$528,000.

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Definitions:

Matched-pairs T Procedures

Statistical tests used to compare the means of two related groups or samples to identify if their mean difference is statistically significant.

Subjects

Individuals or entities that participate in a research study or experiment, often used in the context of clinical trials or social sciences.

Similar

Having a resemblance in appearance, character, or quantity, without being identical.

Confidence Interval

A band of values, extrapolated from sample statistics, presumed to surround the value of an unknown parameter within the population.