Bremmer Company's functional currency is the Euro. On February 1, 20X1, when the exchange rate is $1.20 per Euro, Bremmer purchases 100 units of inventory for a total purchase price of 4,300 Euros. Bremmer sells half of the inventory on March 24 and the other half on April 14. The exchange rate is $1.17 on March 24 and $1.21 on April 14. Bremmer's U.S. based parent company should convert Bremmer's financial statement amount to U.S dollars using the:

Multiple Choice

• monetary method.

• temporal method.

• non-monetary method.

• current rate method.