What was consolidated cost of goods sold

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Problem - Gentry Inc purchased 100% of Gaspard farms on Jan 5 2005

Durring 2005 Gentry sold to Gaspard farms for $650,000 goods which had cost $200,000. Gaspard Farms still owned 15% of the goods at the end of the year. In 2006 Gentry Sold goods with a cost of $800,000 at the end pf the year

In 2006 Gentry sold goods with a cost of $800,000 to Gaspard farms for $1000000 and gaspard farms still owned 20% of the goods at year end.

For 2006 cost of goods sold was $1200,000 for Gaspard farms and $5,400,000 for Gentry. What was consolidated cost of goods sold for 2006?

Reference no: EM131736926

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