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Part B: (6 marks) Home office shipped merchandise costing $120,000 to branch at a billed price of $168.000. Assume at the end of the accounting

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Part B: (6 marks) Home office shipped merchandise costing $120,000 to branch at a billed price of $168.000. Assume at the end of the accounting period, the branch reports its inventories (at billed price) at $28.000. Instructions: Prepare the working paper for home office to analyze the flow of merchandise to branch.)

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