Business

Taylor Lambert

11 February, 17:29

Nautilus Co. acquired 100% of XYZ Corp. on January 2, 2020. During 2020, Nautilus sold goods to XYZ Corp for $700,000 that cost Nautilus $500,000. XYZ Corp still owned 40% of the goods at the end of the year. Cost of goods sold was $1,000,000 for Nautilus and $990,000 for Aeillo. What was consolidated cost of goods sold? Select one: A. $2,770,000 B. $1,790,000 C. $1,000,000 D. $1,370,000

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