The Clrity Owns Life Highest Clown In DIpolo; City and a Dranichi In Dapital City. During 2010, Life home office shipped to the branch supplies costing P120,000 at a billed price of 20% above cost. The inventories of supplies at the branch were as follows: January 1, 2016, P90,000; December 31, 2016, P108,000. On December 31, 2016, the home office holds inventories of P160,500 which includes P10,500 held on consignment. Both locations use the periodic inventory method. How much is will be the inventories in a combined balance sheet as of December 31, 2016