How much is the net income of the branch as far as the home office is concerned?

 The goods available for sale of the branch for the merchandise coming from the home office at cost is?

 How much is the estimated additional cost to complete the project at December 31, 2022?

 

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Integrity Company operates a branch in Bulacan. The home office billed its branch for the inventory shipment at 25% above cost. Below are the selected accounts from the home office and the branch: Home Office 6,900,000 1,750,000 Sales Shipment to Branch/from HO Inventory, 01/01/2021 Inventory, 12/31/2021 (on hand) Purchases Allowance for Overvaluation Expenses The ending inventory of the branch on hand includes P120,000 from the home office. 800,000 640,000 Branch 6,800,000 452,500 356,000 3,765,000 1,968,750 120,000 250,000 1,000,000 250,000 Integrity Company operates a branch in Bulacan. The home office billed its branch for the inventory shipment at 25% above cost. Below are the selected accounts from the home office and the branch: Home Office 6,900,000 1,750,000 Sales Shipment to Branch/from HO Inventory, 01/01/2021 Inventory, 12/31/2021 (on hand) Purchases Allowance for Overvaluation Expenses The ending inventory of the branch on hand includes P120,000 from the home office. 800,000 640,000 Branch 6,800,000 452,500 356,000 3,765,000 1,968,750 120,000 250,000 1,000,000 250,000

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