Answer:
$5,596,000
Explanation:
Consolidated cost of goods sold for 2018:
= Cost of Goods Sold (Gaspard Farm) + Cost of Goods Sold (Gentry Farm) - Inter Farm Sales from Gentry to Gaspard + Unrealized Profit on the Sales from Gentry to Gaspard - Unrealized Profit on the Sales from Gaspard to Gentry
= $1,200,000 + $5,400,000 - $1,000,000 + [($1,000,000 - $800,000) × 10%] - [($625,000 - $425,000) × 12%]
= $1,200,000 + $5,400,000 - $1,000,000 + $20,000 - $24,000
= $5,596,000