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Compute the amount of ending inventory at billed price

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Question - The home office bills its branch at 40% above cost. During the year 2020, goods costing 150,000 were shipped to the branch. The account "allowance for overvaluation of branch inventory", after adjustment, shows a balance of P25,000 at the end of the year. Compute the amount of ending inventory at Cost and Billed Price.

Reference no: EM133112929

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