ABC Co. decided to open a branch in Manila. Shipments of merchandise to the branch totaled ₱54,000 which included a 20% mark-up on cost. The branch submitted the following report summarizing its operations for the period ended December 31, 20x1.

Sales on account 74,000
Sales on cash basis 22,000
Collection of account 60,000
Expenses paid 38,000
Expenses unpaid 12,000
Purchase of merchandise for cash 26,000
Inventory on hand, Dec. 31; 80% from home office 30,000
Remittance to home office 55,000

How much is the branch’s ending inventory at cost?