Please show all work. 19) Gentry Inc. acquired 100% of...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Please show all work.
19) Gentry Inc. acquired 100% of Gaspard Farms on January 5, 2012 During 2012. Gentry sold Gaspard Farms for $625,000 goods which had cost $425,000. Gaspard Farms still owned 12% of the goods at the end of the year. In 2013, Gentry sold goods with a cost of $800,000 to Gaspard Farms for $1,000,000, and Gaspard Farms still owned 10 cost of goods sold was $5,400,000 for Gentry and S1,200,000 for Gaspard Farms. What was consolidated cost of goods sold for 2013? % of the goods at year-end. For 2013, A) $6,600,000 B) $6,604,000 C) $5,620,000 D) $5,596,000 E) $5,625,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
