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The unadjusted balance in the Allowance for Overvaluation account at year-end represents: The mark-up on merchandise shipped to the branch during the year. The mark

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The unadjusted balance in the Allowance for Overvaluation account at year-end represents: The mark-up on merchandise shipped to the branch during the year. The mark up on the cost of goods sold by the branch for the year. The merk-up or merchandise shipped to the branch during the year less than mark up on the merchandise returned by the branch during the year. The markeup on merchandise available for sale by the branch for the year

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