ned Test This test has a time limit of 1 hour. This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. Remaining Time: 39 minutes, 31 seconds. Question completion Status: 1 2 36 55 ON 8 9 A Moving to another question will save this response. Question 2 Question 2 of 9 > >> 1.5 points Save Answer Manama Corporation acquired 100% of Muscat Inc.'s common stock on January 2, 2020 During 2020, Manama sold inventory to Muscat for $640,000 of goods, which cost $450,000. As of the end of 2020, 18% of the inventory was unsold In 2021. Manama sold inventory with a cost of $820,000 to Muscat for $1,000 000, and Muscat still owned 15% of inventory at year-end For 2021, the cost of goods sold totaled as follow 2021 Selected Data Cost of Goods Sold Manama 5,800,000 Muscat 1,300,000 What was consolidated cost of goods sold for 2021? $6,092 800 $6,038,800 $6.100.000 O $6.107 200 O $7,100,000 A Moving to another question will save this response.

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