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What the total amount of allowance

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Question - Given allowance for overvaluation for inventory: Maria branch ledger account on January 1, $60,000 the home office bills shipments of merchandise to the branch at a markup of 25% on billed price. On January 17th, the home office shipped merchandise the home office ships merchandise to the branch at billed price of $400,000, the branch reported an ending inventory at billed price of $160,000 at January 31 and what the total amount of allowance for overvaluation for inventory in January 31?

Reference no: EM133008078

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