Yahoo Company bills its Palawan branch at 140% of cost during 2020. Goods billed at P866,250 were shipped to Palawan branch. The account allowance for overvaluation has a balance of P306,000 before adjustment. The beginning inventory of the branch from the home office at cost is P234,000; the beginning inventory of the branch from outsiders is P38,000. Purchases from outsiders is P326,250. How much is the cost of goods available for sale of the branch?

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A:

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A: Answer:

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