The following information pertains to shipments of merchandise from Home Office to Branch during 2006:
|
Home Office’s cost of merchandise |
$160,000 |
|
Intracompany billing |
200,000 |
|
Sales by Branch |
250,000 |
|
Unsold merchandise at Branch on December 31, 2006 |
20,000 |
In the combined income statement of Home Office and Branch for the year ended December 31, 2006, what amount of the above transactions should be included in sales?
- $250,000
- $230,000
- $200,000
- $180,000