47. Big Ben, Ltd. is a British subsidiary of a U.S. company and prepares their annual financial statements on a calendar year basis. During the current year, Big Ben had purchases of {150,000, cost of goods sold of E165,000, beginning inventory of $90,000, and ending inventory of $75,000. Various spot rates for the current year are as follows: January 1 $1.55 = =1.00 Date that the beginning inventory was acquired $1.58 = $1.00 Weighted average rate for the current year $1.60 = =1.00 December 31 $1.65 = E1.00 Date that the ending inventory was acquired $1.62 = f1.00 Big Ben's functional currency is the U.S. dollar. What is the amount of Big Ben's cost of goods sold that will be included in the current year's consolidated income statement