"vn OWwever returned some Gerective merchandise worth P4,620 (at billed hinmenn 0 oe Period, the W's shi , : mens 104s La Union rane epored a Inventory of P2400 and net lous of P4300, tran i ‘oiled m 120% of cot, how much ithe austen tothe et income of the 8.P30,360 : P2330 To Sours og 280 ony follow PAY OPertes x branch in Las Vga. Operating data ote ha fice and he rah for 2008 Home Office Beh P 256,000 p 78,500 . 210,000 20,000 fatto bane fie 30,000 iting price to branch 40,000 Expenses nou 12,500 Tventores, January 1, 2008 Home office acquired from outsiders, a cost 80,000 Branch: ‘Acquired from outsiders, at cost 7,500 Acquired from home office, at billed price (which averaged 22 % above cost) 24,500 Inventories, December 31, 2008: Home Office, acquired from outsiders, at cost55,000 Branch; ‘Acquired from outsiders, at cost 5,500 ‘Acquired from home ofice, a 2008 billed price 26,000 17)Determine the Braach December 31, 2008 Inventory at cos. 14} 25,000 (c)27,000 1B] 26,000 [D}28,000. 1f)Determinc the combined net income (ss) ofthe home office andthe branch for the year 2008. fa] 44is 1094365 (5)4500 (0}4200. 10% of cost. At the end of first month, Pangasinan ‘Pangasinan ranch was billed by home office fer merchandise at 14 end off tet submited among other things the following dats: Merch, fom home office (a billed price) Merch purchasod locally by branch 40,000 Inventory, Dec. 31 of which P7,000 are of local purchase28,000 [Net sales forthe month 180,000 19) Thebranch inventory at cost should be recorded at: AP20,000 B.P22,000 .P21,000 D.P28,000 20) The Baguio branch of Monique Company submited the following tral balance a of December 31 2010 afer its P 98,800 first year of operations: or o Cash P 10,400 ‘Accounts receivable 63200 Shipments from home office 168,000 Expenses 10,800 Sales P 134,400 Home office curent 9 8.000 Toial P 252400 P 252,400 ‘Merchandise inventory, P50.400 Shipments tothe branch are billed at 140% of cost 48.Determine the overstatement ofthe branch inventory at December 21, 2010 A PO B.PI4400 C.P6.000 —D. P33,600