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What is the branch beginning inventory at its actual cost

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Question - The home office transfers inventory to its branch at 20% of billed price. During the year, inventory costing the home office 320,000 was transferred to the branch. At year end, the home office adjusted its deferred profit account by 82,800. The branch year-end Statement of financial position shows 19,200 of inventory acquired from the home office. What is the branch beginning inventory at its actual cost?

Reference no: EM133152442

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