13.

15

Shipments from branch 151,200.00

Divided by: 1.40
108,000.00

13.3

Sales
Cost of goods sold:
Beginning Inventory-Jan.1:
Home Office ###
Branch [15,000+(49,000/122.5%] 55,000.00 ###
Purchases ###
Goods Available For Sale ###
Ending Inventory-Dec.31:
Home Office ###
Branch 50,000.00 ###
Gross Profit
Less: Expenses
Combined Net Income
 ###

###
###
###
9,000.00