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How much is the ending inventory of the branch per books

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Reference no: EM132919578

Question - A Makati home office transfers inventory to its Pasig branch at 140% of cost. During 2013, the reciprocal account in the statement of comprehensive income of the home office amounts to P328,125. On December 31,2013, the home office adjusted the branch income summary by debiting the Allowance for Overvaluation of Branch Inventory account in the amount of P81,250. The branch's statement of financial position at the beginning of the year shows P105,000 of inventory acquired from the home office. How much is the ending inventory of the branch per books?

Reference no: EM132919578

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