Translation of purchases of inventories on credit terms   LO3, 7 You are the financial controller of Yummy Ltd, an Australian company listed on the ASX that distributes imported food products in the local market. The functional currency of Yummy Ltd is A$. Yummy Ltd’s purchases of inventories in foreign currency during the year ended 30 June 2020 are set out below. Exchange rates at delivery date, shipment date, the end of the reporting period and payment date are expressed to A$1. Supplier Madras Curry Monster Thai Satay Saucy Russian Caviary Turkish Delightful German Sausagez Foreign currency Indian rupee (IR) Thai baht (THB) Russian rouble (RR) Turkish lire (TL) Euros (€) Invoice amount 3 000 000 900 000 40 000 000 80 000 000 500 000 Contract basis FOB shipping FOB destination FOB shipping FOB shipping FOB destination Shipment date 20 Jul. 2019 31 Jul. 2019 1 Nov. 2019 31 Mar. 2020 30 Apr. 2020 Delivery date 31 Jul. 2019 30 Aug. 2019 31 Dec. 2019 30 Apr. 2020 30 Jun. 2020 Payment date 30 Sept. 2019 31 Oct. 2019 31 Jan. 2020 31 Jul. 2020 31 Aug. 2020 Rate on delivery IR 10 THB 2 RR 1 000 TL 10 000 €0.80 Rate on shipping IR 12 THB 3 RR 2 000 TL 10 500 €0.78 Rate at the end of the reporting period IR 18 THB 10 RR 1 800 TL 10 750 €0.70 Rate on payment IR 15 THB 4 RR 500 TL 11 000 €0.75 Required In accordance with AASB 121/IAS 21, prepare the necessary entries in relation to the inventories purchase transactions up until and including 31 August 2020.