PollmanShellsSales$1,500,000$500,000Cost of Goods Sold750,000200,000Operating Expenses550,000200,000Net Income$200,000
Pollman sold $300,000 of goods to Shells.
Of the goods sold $60,000 were not sold on 12/31/X1.
Pollman has a uniform margin on all of its sales.
Shells has a uniform margin on all of its sales.
What amount will be reported as consolidated cost of goods sold?
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