Homework Answers
ANSWER
The answer is " $1,106,000 and $807,600"
Consolidated Sales = 880,000 + 372,000 - 146,000
= $1,106,000
Markup percentage = (880,000 - 660,000) ÷ 880,000 = 25%
Unrealised gross profit = (146,000 x 40%) x 25% = $14,600
Consolidated cost of goods sold
= 660,000 + 279,000 - 146,000 + 14,600= $807,600
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