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can someone check my work and let me know if i did wrong or right? Newberry, Inc., whose reporting currency is the U.S. dollar, has

can someone check my work and let me know if i did wrong or right? image text in transcribed
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Newberry, Inc., whose reporting currency is the U.S. dollar, has a subsidiary in Argentina, whose functional currency aiso is the U.S. dollar. The subsidiary acquires inventory on credit on November 1,2020 , for 140,000 pesos that is sold on January 17, 2021, for 173,000 pesos. The subsidiary pays for the inventory on January 31,2021 . Currency exchange rates are as follows: Problem 8-8 (Algo) (LO 8-2, 8-3) What amount does Newberry's consolidated balance sheet report for this inventory at December 31,2020 ? Mulsiple Choice $60,200 $58,800 $57,400 $56,000 What amount does Newberry's consolidated income statement report for cost of goods sold for the year ending December 31,2021 ? Multiple Choice $60,200 $57,400 $56.000 $58.800

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