HO has three all-night operating grocery stores located in Manila. Each store has a branch manager with authority to accept inventory items at home cost plus mark-up or to purchase from outside wholesalers at his discretion. Inventories at December 31, 2019 were as follows: Home office P277,250 cost BSA Branch 66,000 transfer price BSAIS Branch 74,250 transfer price BSMA Branch 115,500 transfer price During 2019, how much is the total amount credited to the unrealized mark-up account in the books of the home office? A. 234,500 B. 230,250 C. 237,500 D. 257,750

HO has three all-night operating grocery stores located in Manila. Each store has a branch manager with authority to accept inventory items at home cost plus mark-up or to purchase from outside wholesalers at his discretion. Inventories at December 31, 2019 were as follows: Home office P277,250 cost BSA Branch 66,000 transfer price BSAIS Branch 74,250 transfer price BSMA Branch 115,500 transfer price During 2019, how much is the total amount credited to the unrealized mark-up account in the books of the home office? A. 234,500 B. 230,250 C. 237,500 D. 257,750

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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