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A US. company/s foreign subsidiary had these amounts in local currency units (LCU) in 2002 . The average exchange rate during 202 was $1.10 -

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A US. company/s foreign subsidiary had these amounts in local currency units (LCU) in 2002 . The average exchange rate during 202 was $1.10 - LCU 1 . The beginnirg inventory was acquired when the exchange rate was $1.00 - LCU 1. Ending inventory was acquired when the exchange rate was $1.18 - LCU 1. The exchange rate at December 31. 20X2. was \$1.25 - LCU 1. Assuming that the foreige country is highly inflationary, at what amount should the foreign subsidiary's cost of gocds sold be reflected in the U.S. dollar income statement? $1.257,700 $1,083.200 $1.1000000 31,250,000

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