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Compute the amount of ending inventory at cost

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Question - The home office bills its branch at 40% above cost. During the year 6 points 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: a. Cost and b. Billed Price.

Reference no: EM133112919

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