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Nodus Co. acquired 100% of Aiello Inc. on January 2, 2016. During 2016, Nodus sold goods...

Nodus Co. acquired 100% of Aiello Inc. on January 2, 2016. During 2016, Nodus sold goods to

Aiello for $300,000 that cost Nodus $220,000. Aiello still owned 30% of the goods at the end of the year. Cost of goods sold was $985,000 for Nodus and $650,000 for Aeillo.

What was consolidated cost of goods sold?

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The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.

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