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SAMSAN TECH and its PHILIPPINE branch report the following transactions in their respective books: SAMSAN TECH HOME PHILIPPINE OFFICE BRANCH MERCHANDISE INVENTOR, 150 000 30

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SAMSAN TECH and its PHILIPPINE branch report the following transactions in their respective books: SAMSAN TECH HOME PHILIPPINE OFFICE BRANCH MERCHANDISE INVENTOR, 150 000 30 000 BEGINNING SHIPMENTS TO PH BRANCH 200 000 SHIPMENTS SAMSAN HOME 247 000 OFFICE PURCHASES 1 000 000 300 000 MERCHANDISE INVENTORY, END 175 000 50 000 SALES 2 500 000 1 000 000 EXPENSES 500 000 300 000 ALLOWANCE FOR 65 000 OVERVALUATION For the current year, the SAMSAN TECH HOME OFFICE shipped goods to the branch at a 30 percent (%) mark-up on cost. The beginning inventory of the PHILIPPINE BRANCH included local purchases in the amount of 10,000. While the ending inventory of the PHILIPPINE BRANCH included purchases in the amount of 11,000

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