Question on 200 amp Panel

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I'm in the process of installing a new service to my house, it consists of a 320/400 meter socket split into 2 200 amp services. It comes from the meter socket to a 200 amp disconnect then proceeds to my garage. The garage is 140 feet away and im running 2 1/2 inch conduit to it. My inspector said I could run mobile home entrance cable, i purchased from my local electrical supply 4/0 4/0 2/0 4. The garage has two levels with the lower being a garage and the upper being a wood shop. Is the 2/0 sufficient enough for the neutral in this situation. There will be multiple 240 items and your normal 120 stuff. Just making sure i'll be ok before i pull the wire. My other option would to be return the wire and buy 4/0 4/0 4/0 2/0. Any input would be appreciated.
 
You may be allowed to wire your own home but our rules will not allow us to help you since you are not an electrical contractor.
 
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