Chapter 5, Problem 1.3C

Question   Kindly answer in good accounting form. thank you!   Maria Corporation has a branch in Caloocan. During 2021, the home office shipped to the branch supplies costing P156,000 at a billed price of 30% above cost. The inventories of supplies at the branch were as follows: January 1, 2021 P110,000; December 31, 2021 128,000. On December 31, 2021, the home office holds inventories of P112,800 which includes P11,500 held on consignment and which excludes P5,000 inventories out on consignment.   How much is the inventories in a combined balanced sheet as of December 31, 2021?

BLOCK D/2018/1 In   t1, you purchase goods on target in the  amount of €  9 thousand (net).  Furthermore, transport costs of  € 500 (net) to be paid  to an external service provider for the purchase of the goods are  incurred (incidental acquisition costs);    payment is also made on destination.  Your col- lege posts the goods receipt as follows: purchase of goods € 9,000 and amounts of € 1,710 intrade payables € 10,710 as well as Other operating expenses for trade payables €500. The goods are to be  sold in t2.  It is foreseeable that you will be able to sell  the goods witha high profit margin. Do the postings of the colleague lead to an accrual determination of success?  If further bookings or corrections are required in t1, make them and justify your action with reference to the possible bookings.  relevant legal regulations!

Kindly answer in good accounting form. thank you! Maria Corporation has a branch in Caloocan. During 2021, the homeoffice shipped to the branch supplies costing P156,000 at a billed price of30% above cost. The inventories of supplies at the branch were as follows: January 1, 2021 P110,000; December 31, 2021 128,000. On December 31,2021, the home office holds inventories of P112,800 which includesP11,500 held on consignment and which excludes P5,000 inventories outon consignment. How much is the inventories in a combined balancedsheet as of December 31, 2021?