ic. ac bu per years ago. 2020, Homer nventory costing P75,000 to Boboy for P100.000. A total of 16 percent of this inventory was not sold utsider until 2021. During 2021, Homer sold inventory costing P96,000 to Boboy for P120,000. A tot of 35 percent of this inventory was not sold to outsiders until 2022. In 2021, Boboy reported cost of ales of P380,000 while Homer reported P210,000. What is consolidated cost of sales?

ic. ac bu per years ago. 2020, Homer nventory costing P75,000 to Boboy for P100.000. A total of 16 percent of this inventory was not sold utsider until 2021. During 2021, Homer sold inventory costing P96,000 to Boboy for P120,000. A tot of 35 percent of this inventory was not sold to outsiders until 2022. In 2021, Boboy reported cost of ales of P380,000 while Homer reported P210,000. What is consolidated cost of sales?

Name: Boboy, Inc. acquired 60 percent interest in Homer Co. several years a
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Description: Boboy, Inc. acquired 60 percent interest in Homer Co. several years ago. During 2020, Homer soldinventory costing P75,000 to Boboy for P100.000. A total of 16 percent of this inventory was not sold tooutsider until 2021. During 2021, Homer sold inve

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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