Webb Co. acquired 100% of Rand Inc. on Jan 5, 2011. During 2011, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?
A. $15,040,000
B. $14,560,000
C. $17,200,000
D. $16,960,000