Solution-What was consolidated cost of goods sold

What was consolidated cost of goods sold

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Webb Co. acquired 100% of Rand Inc. on January 5, 2018. During 2018, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?

Reference no: EM132346100

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What was consolidated cost of goods sold

Reference no: EM132346100

Reference no: EM132346100

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