Show the solution in good accounting form The home office bills its branch at 40% above cost. During the year 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 amountof ending inventory at: a. Cost and b. Billed Price
Show the solution in good accounting form The home office bills its branch at 40% above cost. During the year 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 amountof ending inventory at: a. Cost and b. Billed Price
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 14P
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Show the solution in good accounting form
The home office bills its branch at 40% above cost. During the year
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 amountof ending inventory at: a. Cost and b. Billed Price
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