CoursHeroTranscribedText: Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20x3, Planner produced 31,000 computer desks at a cost of $88 each and sold 16000 otthem to Schedule for $100 each. Schedule sold 10,000 oithe desks to unafliated companies for $144 each prior to December 31, 20x3, and sold the remainder in early 20x4 for $154 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Planner and Schedule record in 20x3? Planner Corporation Schedule Company b. What amount of cost of goods sold must be reported in the consolidated income statement for 20x3? [Do not round intermediate calculations} _:l
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