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Business, 14.02.2020 02:25 alisaharnauth
Brendon, Inc. acquired 100% of Weston Enterprises on January 2, 2020. During 2020, Brendon sold Weston for $700,000 goods which had cost $500,000. Weston still owned 40% of the goods at the end of the year. In 2021, Brendon sold goods with a cost of $500,000 to Weston for $700,000, and the buyer still owned 40% of the goods at year-end. For 2021, cost of goods sold was $1,000,000 for Brendon and $990,000 for Weston. What was consolidated cost of goods sold for 2021?a. $1,370,000b. $1,290,000c. $1,870,000d. $1,990,000
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Brendon, Inc. acquired 100% of Weston Enterprises on January 2, 2020. During 2020, Brendon sold West...
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