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What amount should davao branch record its inventory

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Reference no: EM132754562

Question - On December 3, 2018, the home office of HBO Company recorded a shipment of merchandise to its Davao branch as follows:

Davao branch 39,000

Shipments to branch 32,500

Unrealized profit in branch inventory 5,200

Cash (for freight charges) 1,300

The Davao branch sold 40% of the merchandise to outside entities during the rest of December 2018. The books of the home office are closed on December 31 of each year.

On January 5, 2019, The Davao branch transferred half of the original shipment to Baguio branch, and Davao branch paid P650 for shipment.

What amount should Davao branch record its inventory at December 31, 2018?

Reference no: EM132754562

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