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During 2019, Jose Corporation transferred inventory from its home o ce to its Laguna branch at a billed price of P110,000. The inventory originally cost
During 2019, Jose Corporation transferred inventory from its home o ce to its Laguna branch at a billed price of P110,000. The inventory originally cost the company P90,000. The home o ce reported sales and cost of goods sold of P1,400,000 and P590,000, respectively. The Laguna branch reported sales and cost of goods sold of P675,000 and P300,000, respectively. All of the inventory had been sold by year-end. What is the cost of goods sold to be reported in the 2019 combined statement of comprehensive income? P870,000 P780,000 P890,000 P800,000
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