Colorado Limited reports the following items in US$:

• Opening stock 55,500
• Closing stock 44,400
• Purchases 518,000

Purchases were acquired evenly across the year. Closing stock was acquired evenly over the month of June. The following exchange rates applied:

Start of the reporting period US$ 1.00 = AUD $1.54

End of reporting period US$ 1.00 = AUD $1.39

Average rate for year US$ 1.00 = AUD $1.49

Average rate for the month of June US$ 1.00 = AUD $1.42

Calculate the cost of goods sold translated into the functional currency of AUD: